FG URGES Oil FIRMS to Shore Up Production to meet Opec Quota
The minister of state for petroleum resources, Gas Chief Ekperikpo Ekpo on Wednesday Usd Oil and Gas Stakeholders to Collarate to meet the quota approored by the Organisation of Petroleum Exporting Countries (OPEC).
EKPO, who was reported by the Permanent Secretary, MR EMEKA OBI Made the Call While Speaking at the Ongoing 2025 Nigeria Oil and Gas Opportunities Fair (NogoF) in Yenagaa.
‘Theme is: “Driving Investment and Production Growth: Shaping a Sustainable Oil and Gas Industry Through Indigenous Capacity Development”
He noted that the Oil Output of 1.4 Million Barrels Per Day as of First Quarter of 2025 Falls Short of the 1.8 Millions Barrels Quota Approved by Opec. The minister said that with the nation’s Oil Reserve and a Commitment by Industry Players, There is an Opportunity to meet the quota.
He Commended the Nigeria Content Development and Monitoring Board (NCDMB) for the Fair Showinging Opportunities for Nigerian Companies. He said that the Growth of Nigerian Content from Five Percent in 2010 to 56 Per Center in 2024 was a laudable Achiefment. #FG Urges Oil FIRMS to Shore Up Production to meet Opec Quota#
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