Nigeria produced a total of 236,229,281 barrels of crude oil in the first half of 2024 amid supply gap issues to Dangote Refinery and other domestic refineries. This is according to the latest data posted by the Nigerian Upstream Petroleum Regulatory Commission. A breakdown of the figure showed that in January 44.
2 million barrels of crude were produced, while the country pumped 38.3 million barrels of oil in February. Also, 38.1 million barrels were produced in March, and the monthly production for April was 38.4 million. In May, 38.8 million barrels were pumped and 38.3 million barrels were achieved in June. The total barrels of crude oil produced in the first half of 2024 is 16.73 million lower when compared with the same period in 2023, the country’s total oil output from January to June was 219.
The fluctuations showed the dwindling nature of Nigeria's crude production amid the challenges of oil theft and vandalism. Recall that Kyari had recently lamented the carnage of crude oil theft and its impact on the Country’s revenue. “No one will put money into oil production when he knows the production will not get to the market. 'In the last two years, we removed over 5,800 illegal connections from our pipelines.
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