Connect with us

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

Published

on

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

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Troops recover suspected stolen motorcycle in Plateau

Published

on

Troops recover suspected stolen motorcycle in Plateau

By: Zagazola Makama

Troops of Sector 6, Operation Enduring Peace have recovered a suspected stolen motorcycle following a pursuit of suspected motorcycle snatchers in Riyom Local Government Area of Plateau.

Security sources disclosed that the incident occurred at about 6:30 p.m. on May 21 along the Bachi-Banghai road after troops received reports on the activities of suspected motorcycle snatchers in the area.

The sources said the troops immediately mobilised and pursued the suspects, who abandoned the motorcycle and fled upon sighting the security personnel.

According to the sources, the recovered motorcycle has been secured, while efforts were ongoing to identify the rightful owner and apprehend the fleeing suspects.

The military said the operation formed part of sustained efforts to combat criminal activities and enhance security across Plateau.

Troops recover suspected stolen motorcycle in Plateau

Continue Reading

News

Troops launch rescue operation after abduction in Plateau

Published

on

Troops launch rescue operation after abduction in Plateau

By: Zagazola Makama

Troops of Sector 1, Operation Enduring Peace have launched a rescue operation following the abduction of a resident in Bassa Local Government Area of Plateau.

Security sources disclosed that the incident occurred at about 11:00 p.m. on May 21 when gunmen reportedly abducted Mr Eze Emeka from his residence at Agingi village.

The sources said troops swiftly responded to the distress report and commenced rescue operations in collaboration with other security agencies.

According to the sources, efforts were ongoing to track down the kidnappers and secure the safe release of the victim.

The military assured residents that security forces were intensifying operations to curb criminal activities in the area.

Troops launch rescue operation after abduction in Plateau

Continue Reading

News

JNIM attack in Tillaberi signals deepening jihadist rivalry and expanding Sahel instability

Published

on

JNIM attack in Tillaberi signals deepening jihadist rivalry and expanding Sahel instability

By: Zagazola Makama

The reported deadly attack on a Nigerien Army engineering unit near Garbougna in the Tillaberi Region marks a significant escalation in the evolving security dynamics of western Niger and the wider Sahel.

With an estimated 67 soldiers and civilians reportedly killed and a military camp destroyed, the incident underscores both the intensity and increasing sophistication of militant operations in the region.

Beyond the immediate casualties, the attack is notable for its attribution to Jama’at Nusrat al-Islam wal-Muslimin (JNIM), which swiftly claimed responsibility. Tillaberi have long been considered a stronghold of Islamic State in the Sahel (IS Sahel), suggesting a possible shift in operational influence or encroachment into contested territory.

The incident reflects an emerging pattern of geographic diffusion of jihadist violence across the Tera–Niamey corridor, an axis that has repeatedly come under pressure from armed groups. The corridor connects several vulnerable departments, including Tera, Torodi, Say and Ayorou, all of which have experienced repeated attacks in recent years.

The Garbougna attack also fits into a broader sequence of high-casualty operations across Niger since early 2026, including reported strikes near Niamey airport in January and Makalondi in February. These incidents collectively indicate sustained pressure on Nigerien security forces and an expanding operational reach of armed groups closer to strategic population centres.

Of particular concern is the apparent intensification of competition between IS Sahel and JNIM. While both groups have historically operated in overlapping zones, recent claims of responsibility and counter-claims suggest a more overt struggle for influence, recruitment, and territorial control. The reported clash between the two factions near Petel Kole earlier in the year further supports this assessment.

The implications of this rivalry are significant. Rather than reducing violence through competition, the fragmentation of jihadist groups in the Sahel has in some cases resulted in increased attacks, as factions seek to demonstrate operational strength and legitimacy.

At the same time, the weakening of state presence in rural and border communities is compounding the crisis. Reports of closed schools, non-functional health facilities, and inactive markets point to a gradual erosion of governance structures in affected areas. This vacuum continues to facilitate militant mobility and recruitment.

Another critical dimension is the increasing use of improvised explosive devices (IEDs), which has reportedly hindered post-attack clearance operations in the Garbougna area. Such tactics not only slow military response but also expand the risk zone for civilians and security forces alike.

Strategically, Tillaberi remains the epicentre of Niger’s insecurity challenges, given its proximity to the Mali and Burkina Faso border regions. The corridor’s proximity to Niamey raises additional concerns, particularly regarding potential spillover effects into the capital’s security perimeter.

The Garbougna attack, therefore, illustrates a convergence of three destabilising trends: escalating casualty levels, intensified jihadist competition, and shrinking state control in border regions. Taken together, these dynamics suggest a deteriorating security outlook for western Niger, with implications that extend beyond national boundaries into the wider Sahel security architecture.

JNIM attack in Tillaberi signals deepening jihadist rivalry and expanding Sahel instability

Continue Reading

Trending

Verified by MonsterInsights