News
OPEC Pegs Nigeria’s Crude Oil Production at 1.5 Million Barrels Per Day, As Petroleum Ministry’s Perm Sec, Amb. Aduda, Emerges Alternate Chair of Organisation’s Board of Governors
OPEC Pegs Nigeria’s Crude Oil Production at 1.5 Million Barrels Per Day, As Petroleum Ministry’s Perm Sec, Amb. Aduda, Emerges Alternate Chair of Organisation’s Board of Governors
By: Michael Mike
Nigeria’s crude oil production for 2024 has been pegged at 1.5 Million Barrels Per Day.
The above is one of the major outcomes of the 36th OPEC and Non-OPEC Ministerial Meeting, which ended in Austria, Vienna, on Thursday.
Oluwakemi Ogunmakinwa, Deputy Director and Head of the Press and Public Relations Unit in the Ministry of Petroleum Resources, reports that during the meeting,which had in attendance the Ministry’s Permanent Secretary,Amb.Gabriel Aduda,significant strides were made towards maintaining a stable and balanced oil market by member States of the Organisation.
According to information made available to the public by the Ministry,participating countries at the meeting emphasized commitment to the Declaration of Co-operation and reaffirmed their dedication to the framework established since the inception of the Declaration of Co-operation on December 10,2016.
This commitment, which the participating countries have consistently endorsed in several meetings, including the 35th OPEC and Non-OPEC Ministerial Meeting held on June 4 earlier in the year,has been further strengthened through the Charter of Co-operation the countries ratified on July 2,2019.
Going further, the release also revealed that the 36th OPEC and Non-OPEC Ministerial Meeting also addressed crucial aspects of the Organisation’s operational mandate, including the completion of assessments by independent sources on the 2024 projected production levels for Angola, Congo as well as Nigeria.
The assessments, the release emphasized, concluded production estimates for Angola at 1.11 Million Barrels Per Day;277 Thousand Barrels Per Day for Congo and 1.5 Million Barrels Per Day for Nigeria. These figures the release noted were in alignment with prior decisions set forth at the 35th OPEC and Non-OPEC Ministerial Meeting earlier held in June.
Part of the highlights of the 36th OPEC and Non-OPEC Ministerial Meeting was the warm reception accorded the Brazilian Minister of Mines and Energy, Alexandre Silveira de Oliveira. Brazil had earlier announced its forthcoming inclusion in the OPEC+ Charter of Co-operation with effect from January 2024.
The 37th OPEC and Non-OPEC Ministerial Meeting, the release also informed,has been scheduled for Vienna, Austria on June 1,2024.
Meanwhile, in a related development, OPEC Governor of Nigeria and Permanent Secretary in the Ministry of Petroleum Resources, Amb. Gabriel Aduda has emerged the Alternate Chairman of OPEC Board of Governors for the year 2024.This was a major decision of the 187th meeting of the Conference of OPEC members during which Libya’s Mohammed Oun was also announced Chairman of the Board for the incoming year.
The release also stated that the gathering used the opportunity to dispell all speculations of discord among OPEC countries with regard to the acceptance or otherwise of the 2024 crude oil production quotas aimed at fortifying market dynamics, fostering stability as well as sustainable growth within the industry.
OPEC Pegs Nigeria’s Crude Oil Production at 1.5 Million Barrels Per Day, As Petroleum Ministry’s Perm Sec, Amb. Aduda, Emerges Alternate Chair of Organisation’s Board of Governors
Troops rescue three abducted victims, recover ammunition in Borno
By: Zagazola Makama
Troops of Operation Hadin Kai have rescued three abducted civilians and recovered ammunition during an operation in Bama Local Government Area of Borno State.
Security sources said the operation was carried out at about 10:00 a.m. on March 30 by troops of 202 Battalion in collaboration with volunteer forces at BOCOBS.
According to the sources, the troops responded to credible intelligence indicating that suspected members of the Islamic State West Africa Province and Boko Haram had abducted three locals in the area.
The sources said the troops made contact with the insurgents and successfully rescued all three victims during the operation.
Items recovered from the scene include one AK-47 rifle magazine loaded with 30 rounds of 7.62mm special ammunition.
The sources added that the rescued victims are safe, while troops have continued to dominate the general area to prevent further incidents.
They said the operation is part of sustained efforts to protect civilians and dismantle terrorist activities across the North-East theatre.
Troops rescue three abducted victims, recover ammunition in Borno
Troops repel terrorist attack in Yobe
By: Zagazola Makama
Troops of Operation Hadin Kai have repelled an attack by suspected members of the Islamic State West Africa Province and Boko Haram on a Forward Operating Base in Yunusari Local Government Area of Yobe State.
Security sources said the incident occurred at about 10:05 p.m. on March 30 at Forward Operating Base Bukarti.
According to the sources, the terrorists launched an attack on the troops’ position, prompting a fierce engagement during which the troops successfully repelled the assailants.
During the encounter, one soldier sustained injuries and has since been stabilised and is responding to treatment.
The sources added that the attackers carted away a gun truck mounted with a QJC gun, a Civilian Joint Task Force vehicle, two motorcycles, a PKT machine gun and a Baofeng radio.
They said troops have continued to maintain operational presence in the area, while efforts are ongoing to recover the stolen equipment and further degrade the capabilities of the insurgents.
Troops repel terrorist attack in Yobe
CJTF member accidentally shot by colleague in Borno
By: Zagazola Makama
A member of the Civilian Joint Task Force (CJTF) has been injured in an accidental shooting incident in Biu Local Government Area of Borno State.
Security sources said the incident occurred at about 3:50 a.m. on March 31 at the location of 162 Amphibious Battalion in Mandara-Girau.
According to the sources, the CJTF member was on duty when he was mistakenly shot in the left leg by a colleague.
The victim was immediately evacuated to the battalion’s medical facility, where he is currently receiving treatment.
Sources said the injured personnel are responding to treatment, while further details surrounding the incident are being awaited.
CJTF member accidentally shot by colleague in Borno
Troops arrest two suspected terrorist collaborators in Pulka
Troops rescue three abducted victims, recover ammunition in Borno
Troops repel terrorist attack in Yobe
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