NNPC, DPR synergise for value addition in oil, gas sector

The Guardian Nigeria | Sep 12, 2021 at 2:00 AM
  • Group Managing Director of the NNPC, Malam Mele Kyari, and the Director/CEO of DPR, Mr Sarki Auwalu, made the commitment during a visit by the NNPC GMD to the headquarters of the regulatory agency in Abuja.
  • Earlier, the DPR Director, commended the NNPC GMD for making first profit in 44 years of the corporation’s existence, the commencement of the NLNG Train 7 project, the OB3 gas pipeline project, the Ajaokuta-Kaduna-Kano (AKK) project and spearheading the passage of the Petroleum Industry Act (PIA).
  • On the MTEF assumptions, he reiterated a base oil price scenario of 57 dollar per barrel for 2022, 61 dollar per barrel for 2023 and 62 dollar per barrel for 2024 predicated on a base national production of 1.883 million barrels per day in 2022, 2.234 million barrels per day in 2023 and 2.218 million barrels per day in 2024.