The Nigerian National Petroleum Company (NNPC) Limited has resolved to increase fuel supply to 2.2 million barrels per day in 2023.
Group Chief Executive Officer of the company, Mallam Mele Kyari disclosed this at the 13th Global UAE Virtual Energy Forum.
While speaking in a feature interview, at the forum on the topic “outlook for Africa/Nigeria’s oil and gas sector in 2023” the GCEO stated that the NNPCL is on the path to restoring fuel production.
“For us, we see a trajectory of restoring production including condensate within the year. Definitely we believe we can hit a target of 2.2mbpd but our budget target is 1.8mbpd, but we know that it is practical to do 2.2 within 2023, he said.
Speaking further, he noted that the relationship between the NNPCL and the Government as regards the supply of fuel is commercial.
“Our relationship with Government today in terms of fuel supply is commercial.
There is a service level agreement between us to supply fuel and sell at the price that the policy decision of government stipulates. It is not a problem for us as a corporate entity,” he stated
