The country could reach 2.2million bpd by the end of this year, he continued. The executive was speaking at the Global UAE Energy Forum. At the end of December, Nigeria was producing 1.519mn bpd, he said.
Nigeria struggled to achieve its OPEC quota in 2022, Kyari said. The country had a “different challenge” to the rest of the world, he noted, with security issues undermining production.
“We took definite steps to increase production and this is paying off. Around July, our net crude oil excluding condensate came down to around 1mn bpd. That has been restored,” Kyari said.
