The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says its focus is to exceed the Organisation of Petroleum Exporting Countries (OPEC)’s oil production quota of 1.74 million barrels per day (bpd).
Its Chief Executive, Gbenga Komolafe, made the assertions shortly after he received an Award of Excellence from the Federal University of Petroleum Resources (FUPRE), Effurun in Delta State on Thursday evening.
Mr Komolafe, addressing journalists, said that the country’s current crude oil production capacity was within the neighbourhood of 2.2 million bpd, which had already exceeded OPEC’S quota.
