The nation’s crude oil and condensate production had risen to 2.32 million barrels per day, the NNPC announced on Tuesday. Baru said, “Since we came in, which was in July 2016, we have focused on increasing production of oil and gas and condensates. “Also, the NPDC has become the main supplier of gas to the power sector, supplying over 800mscfd required to boost the production of power in this country. “We’ve been able to attract FDIs into the oil and gas industry and in 2017 alone, we attracted about $3.6bn; in 2018, we attracted about $3bn. At the moment we are negotiating sums in the region of $7bn as FDIs that will come into the oil and gas sector,” Baru said.

Source: Punch June 19, 2019 02:48 UTC