NNPC’s subsidiary to produce largest share of oil daily


Nigerian Petroleum Development Company (NPDC), a subsidy of the Nigerian National Petroleum Corporation (NNPC) will push daily production of crude oil to half a million barrels, emerging as the country’s leading producer, Group Managing Director of the corporation, Maikanti Baru said yesterday.


The company currently produces about 230 thousand barrel per day of the output, which stood at 2.25 million barrel earlier in the year.


Baru said at the 18th yearly general meeting of NPDC in Benin City that the company’s performance was satisfactory.


He  said that the target of the corporation is to make the  upstream subsidiary the number one exploration and production company in Nigeria.


Source: Guardian 

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