Nigeria to meet OPEC output quota by May 2023, says Sylva | TheCable

December 1, 2022 9:27 AM

Timipre Sylva, minister of petroleum resources, says Nigeria should meet the production quota set by the Organisation of Petroleum Exporting Countries in May 2023.Last month, Nigeria’s oil productionabove the 1 million mark for the first time since July 2022. Despite the increase, the figure is lower than the 1.8 million bpd quota set by OPEC.

He said the country is making efforts to stop the importation of petroleum products by the third quarter of 2023.Sylva also said the new Dangote refinery is expected to come on stream in the first quarter of next year. He further said the Port Harcourt refinery which has been refurbished would be delivering 60,000 barrels per day of“We’re expecting that we will actually be exiting the importation of petroleum products from maybe about a third quarter next year if I was to give it a longer timeframe, but I believe that even before the third quarter next year,” Sylva said.“Nigeria’s production of crude had improved to about 1.

Also, the Nigerian National Petroleum Company Ltd has signed a memorandum of understanding with a South Korean conglomerate toWith the federal government’s effort to rebuild refineries, the country’s capacity to refine crude will be resuscitated and subsidy on shortfall from importation would be eliminated.

HETimipreSylva Balderdash Balderdash!These people keep changing d Goalposts of their inchoate&completely stultified CHANGE AGENDA ad infinitum.They have all come&benefitd themselves from d corrupted&corruptive system,without as much as lifting their fingers to Work. Next Govt must SUFFER it all

HETimipreSylva

HETimipreSylva By May 2023 right? When your government would have been consigned to the dustbin of history as the most incompetent, irresponsible and backward government ever

HETimipreSylva So will 100M people b lifted shortly after, hw all ministers r promising dates that r post admin is just simple c finish. They know they r talking to confirm dense population who know no different. Unfortunate

HETimipreSylva All for nothing...Criminals

HETimipreSylva So, Nigeria is still selling below OPEC's quota, despites Tompolo's contract?

HETimipreSylva But continue to remit zero. Thieves.

HETimipreSylva Everything will be done when this government is out of power. So sad that Nigerians can still be received by this government

HETimipreSylva Storytellers!

HETimipreSylva These guys are a bunch of jokers. When you have long gone and no one can ask is when the quota will be met.

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