Tinubu seeks industry collaboration to achieve 1mbpd crude oil production

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President Bola Tinubu has called on industry stakeholders to collaborate with NUPRC to achieve the one million barrels of oil per day (1MBOPD) initiative.

President Bola Tinubu has called on industry stakeholders to collaborate with the Nigerian Upstream Petroleum Regulatory Commission to achieve the one million barrels of crude oil per day initiative.

Represented by George Akume, secretary to the government of the federation, Tinubu urged key industry stakeholders to work alongside the NUPRC to achieve the outlined targets for increasing oil production within set deadlines.He said the shared responsibility would require cooperation from government agencies, major producers, service providers, financiers, host communities, and other stakeholders.

The president said his administration remains committed to decarbonisation strategies in the oil and gas sector, while maintaining a renewed focus on economic diversification, the utilisation of oil and gas resources, and industrial development.He expressed satisfaction that the sector has witnessed significant financial and investment decisions across the value chain since the reforms were introduced.

 

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