{"id":402121,"date":"2026-04-28T21:24:13","date_gmt":"2026-04-28T21:24:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/402121\/"},"modified":"2026-04-28T21:24:13","modified_gmt":"2026-04-28T21:24:13","slug":"nigerias-oil-output-hits-5-year-high-as-production-reaches-1-71-million-bpd","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/402121\/","title":{"rendered":"Nigeria&#8217;s oil output hits 5-year high as production reaches 1.71 million bpd"},"content":{"rendered":"<p>&#13;<br \/>\n        The state-owned oil firm said the increase reflects improvements in upstream operations and a series of ongoing sector reforms aimed at stabilising output and boosting investor confidence.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        NNPC Group Chief Executive Officer Bayo Ojulari disclosed the figures in the company\u2019s One-Year Mandate Report Summary published on the social media platform X, noting that production gains were supported by infrastructure upgrades and operational adjustments across the value chain.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        According to the report, NNPC Exploration and Production Limited achieved a peak output of 565,000 barrels per day in December 2025, while natural gas production was maintained at 7.5 billion standard cubic feet per day.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        Ojulari said infrastructure delivery played a central role in strengthening supply reliability, citing the completion of the Ajaokuta-Kaduna-Kano pipeline river crossing and the commissioning of several gas processing facilities.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        \u201cWe have improved operational performance across the value chain, from production to gas development and infrastructure delivery,\u201d he said.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        The company also highlighted expanded gas supply agreements with major industrial users, including Dangote Cement and Dangote Refinery, as part of efforts to deepen domestic gas utilisation and support industrial demand.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        NNPC said it had consolidated its 7.25 per cent equity stake in the Dangote Refinery and introduced an incorporated joint venture model for refinery operations, aimed at improving efficiency and financial autonomy.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        In addition, the company pointed to governance and transparency reforms, including monthly performance reporting, its first earnings call held in November 2025, and continued remittances to Nigeria\u2019s federation account since July 2025.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        The company said these developments reflect broader efforts to enhance accountability, expand production capacity, and attract long-term investment into Nigeria\u2019s oil and gas industry.&#13;\n    <\/p>\n","protected":false},"excerpt":{"rendered":"&#13; The state-owned oil firm said the increase reflects improvements in upstream operations and a series of ongoing&hellip;\n","protected":false},"author":2,"featured_media":402122,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-402121","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/402121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=402121"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/402121\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/402122"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=402121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=402121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=402121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}