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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
News
Two soldiers under probe for alleged collaboration with ISWAP terrorists, leaking troops movement in Yobe
Two soldiers under probe for alleged collaboration with ISWAP terrorists, leaking troops movement in Yobe
By: Zagazola Makama
Two soldiers of the 135 Special Forces Battalion are currently under investigation for alleged collaboration with ISWAP terrorists, Zagazola Makama has learnt.
Military sources told Zagazola Makama that the soldiers’ telephone communications were tracked by Security Intelligence, linking them to the recent kidnapping of commuters along the Gashua–Azare highway in Yobe State.
The intercepted calls reportedly indicated that the suspects likely leaked the movement of a patrol team along the Buratai–Kamuya–Azare–Gashua route to the insurgents, enabling the ambush.
It was gathered that the suspected leak contributed to the terrorists’ operation, which was later foiled by troops of the 135 SF Battalion during a swift rescue mission on May 9
Two soldiers under probe for alleged collaboration with ISWAP terrorists, leaking troops movement in Yobe
Troops rescue four kidnapped commuters in Yobe, foil ISWAP terrorist ambush
By: Zagazola Makama
Troops of the 135 Special Forces Battalion under Operation Desert Sanity IV have rescued four kidnapped civilians from ISWAP terrorists following a swift counter-offensive along the Gashua–Azare highway in Yobe State.
Intelligence sources told Zagazola Makama on Saturday that the operation was carried out at about 6:10 p.m. on Friday, May 9, after intelligence reports indicated that insurgents had abducted travelers while riding on 15 motorcycles.
Quick Response Forces (QRF) from the battalion, swiftly mobilised to the area and engaged the terrorists in a heavy exchange of gunfire.
“The troops overpowered the terrorists, forcing them to retreat in disarray and abandon one motorcycle,” the source said.
The soldiers pursued the insurgents up to 6 kilometers from the ambush point, leading to the successful rescue of four abducted civilians. Items recovered from the scene included a pumping machine, a motorcycle tube, a plier, and three spanners.
Troops rescue four kidnapped commuters in Yobe, foil ISWAP terrorist ambush
Zulum orders immediate ban on the sale of fuel in Bama LGA
By: Our Reporter
Borno State Governor, Professor Babagana Umara Zulum, has ordered an immediate ban on the sale of fuel (petrol) in filling stations across Bama Local Government Area, including Bama town and Banki.
The ban was issued after due consultations with security agencies in the state and is aimed at addressing the prevailing security challenges in the state.
In a statement on Saturday by the Special Adviser to the Governor on Media, Dauda Iliya, the measure is part of the state government’s strategic response to counter insurgency operations.
“I have directed the immediate ban on the sale of petrol in Bama town, Banki, and other parts of Bama Local Government Area with immediate effect,” Governor Zulum stated.
He warned that anyone found violating the directive would face the full weight of the law.
“Let me make it clear—there will be no sacred cows in the enforcement of this ban. Security agencies have been given strict orders to clamp down on any filling station or individual contravening this directive. Anyone found culpable will be dealt with accordingly,” he warned.
Governor Zulum reiterated his administration’s commitment to restoring lasting peace in the state and called for the support and cooperation of citizens in the ongoing fight against insurgency.
Zulum orders immediate ban on the sale of fuel in Bama LGA
Two soldiers under probe for alleged collaboration with ISWAP terrorists, leaking troops movement in Yobe
Troops rescue four kidnapped commuters in Yobe, foil ISWAP terrorist ambush
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