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

Three Fulani women abducted by gunmen in Kwara

Published

on

Three Fulani women abducted by gunmen in Kwara

By: Zagazola Makama

Atleast three Fulani women were abducted by armed hoodlums who attacked Awi village, a Fulani/Hausa camp near Omu-Aran, under sporadic gunfire.

Sources disclosed that the incident occurred on June 29 at about 1:00 a.m. and was reported later that morning by one Danbare Sarki Fulani, a community leader.

The victims were identified as: Halimi Kadiri, Gaaje Yusuf, and a nursing mother Maria Isah. All the victims are said to be of Fulani Bororo origin.

Upon receipt of the report at about 10:00 a.m., a team security operatives and members of the local vigilante group was immediately mobilised to the scene and began combing the nearby forests,” the statement said.

Additionally, the Anti-Kidnapping Squad (AKS) team attached to Omu-Aran, alongside neighbouring Divisional Police Officers (DPOs) and local vigilantes, have launched a coordinated search-and-rescue operation aimed at locating the victims and apprehending the perpetrators.

Police sources confirmed that investigation is ongoing and assured the public of continued efforts to ensure the safe rescue of the abducted women and restoration of peace in the area.

Three Fulani women abducted by gunmen in Kwara

Continue Reading

News

Troops neutralise 2 ISWAP insurgents planting IEDs on Borno highway

Published

on

Troops neutralise 2 ISWAP insurgents planting IEDs on Borno highway

By: Zagazola Makama

The Nigerian Army troops of Sector 2, Operation Hadin Kai, have neutralised two suspected fighters of the Islamic State West Africa Province (ISWAP) attempting to plant Improvised Explosive Devices (IEDs) along a critical highway in Borno State.

Intelligence sources told Zagazola Makama on Monday that the ambush operation occurred along the strategic Trans-Timbuktu (TT) corridor, extending towards the Katarko–Goniri axis.

The sources said that the operation was conducted following credible intelligence on the movement of a terrorist IED-laying party along the route.

“During the encounter, troops engaged the terrorists in a brief but decisive firefight, killing two insurgents and forcing others to flee.

“Items recovered at the scene included two AK-47 rifles, several magazines, a motorcycle, and materials intended for constructing IEDs. Equipment designed to cut through tarred roads for the concealment of explosives was also found.

“The swift response by the troops not only thwarted a potential attack on military and civilian vehicles but also helped to secure a major supply route frequently targeted by terrorists,” a security source said.

The military has since intensified patrols and route clearance operations in the general area to prevent further attempts by the insurgents.

Troops neutralise 2 ISWAP insurgents planting IEDs on Borno highway

Continue Reading

News

Bandits kill two, abduct four in Katsina community

Published

on

Bandits kill two, abduct four in Katsina community

By: Zagazola Makama

Armed bandits have killed two persons and abducted four others in a late-night attack on Gidan Tamba village in Kankara Local Government Area of Katsina State.

Zagazola Makama learnt that the incident, which occurred on June 29 at about 10:45 p.m., threw the quiet rural community into panic as the gunmen stormed the area and opened fire indiscriminately.

One of the victims, Ashiru Shafiu, aged 60, was reportedly shot dead on the spot, while another resident, Suleiman Yusuf, also 60, collapsed during the raid and later died of cardiac arrest. Both were rushed to the General Hospital in Kankara, where they were confirmed dead.

In addition to the fatalities, four residents were abducted during the attack. They have been identified as: Kazeem Nuhu, Shafiu Aliyu, Rama Dan Mallam and Ummah Abdulwahab.

The attackers reportedly arrived on motorcycles and disappeared into the surrounding forest with the kidnapped victims.

Bandits kill two, abduct four in Katsina community

Continue Reading

Trending

Verified by MonsterInsights