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
Security forces foil rustling, recover 22 animals in Katsina
By: Zagazola Makama
Security operatives in Katsina State have foiled a livestock rustling attempt and recovered 22 stolen animals in Jibia Local Government Area.
Police sources said the incident occurred in the early hours of April 12 following a distress call received at about 12:45 a.m. that suspected armed bandits had rustled livestock from neighbouring Niger Republic.
According to the sources, the Divisional Police Officer (DPO) of Jibia swiftly mobilised a joint team comprising police, military and community watch personnel to the area.
They added that the operatives strategically blocked the escape routes of the suspects and engaged them in a gun duel.
“The superior firepower of the security team forced the bandits to abandon the rustled animals and flee into the bush,” the sources said.
The sources disclosed that all 22 sheep and goats were recovered intact during the operation.
They noted that the area has been cordoned off, while aggressive clearance operations are ongoing to apprehend the fleeing suspects.
Further developments will be communicated as investigations continue, the sources added.
Security forces foil rustling, recover 22 animals in Katsina
Troops neutralise several terrorists in ambush operation in Borno
By: Zagazola Makama
Troops of the Joint Task Force, North-East, Operation Hadin Kai, have neutralised several Boko Haram terrorists during an ambush operation in Bama Local Government Area of Borno State.
Security sources said the incident occurred at about 2:33 a.m. on April 13 when an ambush team of 202 Battalion deployed at Bravo Kilo sighted a terrorist crossing the parapet at a defensive company location.
According to the sources, the troops engaged and neutralised five of the suspect on sight.
The sources added that the operation is part of ongoing clearance and ambush missions aimed at denying terrorists freedom of movement in the North-East theatre.
Troops neutralise several terrorists in ambush operation in Borno
Troops arrest suspected Boko Haram member in Yobe
By: Zagazola Makama
Troops of 233 Battalion have arrested a suspected ISWAP/JAS member within the Damaturu Military Cantonment in Yobe State.
Security sources said the suspect was apprehended at about 11:00 p.m. on April 12 between Charlie 2 and Charlie 3 areas of the cantonment in Damaturu Local Government Area.
According to the sources, troops recovered a bag containing clothes and a SIM card from the suspect.
They added that during preliminary investigation, the suspect claimed he was heading to Potiskum and identified himself as an almajiri from the 1000 Area of Maiduguri.
The sources, however, noted that his statements were incoherent, while further physical examination reportedly revealed a rifle sling mark on his shoulder, raising further suspicion.
They said the suspect is currently in custody for further investigation and necessary action.
Troops arrest suspected Boko Haram member in Yobe
Troops rescue injured herder, foil attack by Berom Militia in Plateau
Police arrest suspected foreign bandits in Benue
Troops foil bandit attack, rescue 10 victims in Katsina
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