Nigeria to meet OPEC production quota by May 2023 – Sylva

The Minister of State Petroleum Resources, Timipre Sylva, on Monday, expressed optimism that Nigeria would meet the Organisation of Petroleum Exporting Countries (OPEC) crude oil production quota of 1.8 million barrels per day (bpd) by the end of May 2023.

The minister, according to a statement issued by his spokesman, Horatius Egua, stated at an event in Abuja.

Sylva’s statement came a day after OPEC agreed to maintain its production cut among member countries in order to maintain market stability.