Minister Lokpobiri Addresses Nigeria’s Crude Oil Shortfall, Expects Production Recovery

Date:

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has attributed the recent shortfall in Nigeria’s oil production during the first quarter of 2024 to challenges encountered on the Trans Niger Pipeline and maintenance activities by oil companies. In a statement by his Special Adviser on Media and Communications, Nneamaka Okafor, Minister Lokpobiri assured that efforts were underway to not only restore production to previous levels but also increase it.

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Lokpobiri clarified that the issues affecting production have been adequately addressed, with production expected to rebound in the coming days. Prior to these developments, Nigeria’s oil production, including condensate, stood at approximately 1.7 million barrels per day (bpd), a figure anticipated to be restored soon.

Additionally, the Ministry of Petroleum Resources is actively developing policies to optimize the utilization of all available oil wells in Nigeria, reflecting ongoing efforts to enhance the country’s oil production capacity.


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Gbenga Samson
Gbenga Samsonhttp://ThisDayLive.com
Samson Gbenga Salau [Editorial Board Adviser] Gbenga Samuel Salau is a professional journalist with over 17 years experience in journalism, he is a graduate of Communication and Language Arts, University of Ibadan. On completion of his youth service, he joined The Guardian as a freelance journalist and was later absorbed as a staff. While in the University, he was a campus journalist reporting for the Independence Hall and Faculty of Arts Press Clubs. As a campus journalist, he won the following awards; Independence Hall Press Best News writer; University of Ibadan Union of Campus Journalists’ Best News Reporter/Writer; First Runner-up, Reuben Abati Award for Investigative Journalism; Association of Faculty of Arts Students’ Press Best Reporter; University of Ibadan Union of Campus Journalists’ Best Political Writer; Winner, Reuben Abati Award for Investigative Journalism, and University of Ibadan Union of Campus Journalists’ Best Interviewer. He served the Association of Communication and Language Arts Students, as the Public Relation Officer, the same year he was appointed the News Editor of the Association of Faculty of Arts Students Press. The following session, he was made the General Editor, and a member of the 13-man University of Ibadan Students’ Union Transition Committee. As a reporter in The Guardian, in 2014, he won the Promasidor Quill Award Best Report on Nutrition and DAME Business Reporting category. In the 2015 edition of the Promasidor Quill Award, he won the best Report on Nutrition and Brand Advocate Categories, while in 2016, he won the NMMA Print Journalist of the Year, first runner-up Golden Pen Reporter of the Year and SERAs CSR Awards. Gbenga Salau loves traveling, reading, and listening to songs with good lyrics no matter the genre.

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