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NNPC targets 2.2m bpd oil output in 2023
NNPC's relationship with the government in terms of the supply of fuel is on a commercial basis, an official said
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NNPC's relationship with the government in terms of the supply of fuel is on a commercial basis, an official said
![Crude oil extraction [Photo credit: Bloomberg]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2015/08/crude-oil-extraction-e1439318146447.jpg?resize=350%2C250&ssl=1)
The increase, OPEC said, represents the biggest increase among countries within the oil producers' group.
The NNPC also pledged to find a solution to Niger Delta militancy.
The biggest adjustment was to Saudi Arabia, whose 10.544 million barrels daily output would be cut by about 486,000 barrels.
The president says he wants an end to violence there.
The announcement came days after ExxonMobil sold its 60 per cent stake in Mobil Oil Nigeria Plc.
Shell said the fire was caused by sabotage. Shell Petroleum Development Company of Nigeria, SPDC, said on Thursday that it ...