Tag: UPSTREAM SECTOR

  • FG PROJECTS 600,000-BARREL DAILY CRUDE OIL INCREASE AS $18.2BN INVESTMENTS BOOST UPSTREAM SECTOR

    FG PROJECTS 600,000-BARREL DAILY CRUDE OIL INCREASE AS $18.2BN INVESTMENTS BOOST UPSTREAM SECTOR

    Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has projected an increase of about 600,000 barrels per day in Nigeria’s crude oil production in 2025, driven by new investments in the upstream sector. According to NUPRC Chief Executive Gbenga Komolafe, the additional production will come from 28 Field Development Plans approved in 2025,…