NNPC to focus on gas, condensate to boost revenue

By Obas Esiedesa

WITH Nigeria’s oil production restricted to 1.74 million barrels per day by the Organization of the Petroleum Exporting Countries, OPEC, the Nigerian National Petroleum Corporation (NNPC) says it will focus on increasing gas and condensate productions to boost revenue for the country.

The Corporation’s Group Managing Director, Mallam Mele Kyari who disclosed this on Wednesday while speaking at the ongoing virtual Gulf Intelligence “Global” UAE Energy Forum 2021, reiterated Nigeria’s commitment to abide by the output cut agreement of the OPEC and its allies aimed at stabilizing the global oil market.

A statement by the NNPC’s Spokesman, Dr. Kennie Obateru said Kyari explained that despite the negative effects of the production cut on government revenue,…