The Nigerian National Petroleum Company Limited (NNPCL) is poised to raise the nation’s oil output to 1.8 million barrels per day by year‑end, Group Chief Executive Officer Bayo Ojulari announced after meeting President Bola Tinubu in Lagos. During the briefing, Ojulari outlined the company’s activities since his April appointment and credited the expected production boost to the completion of turnaround maintenance scheduled for August and September, which is slated to come online this month. “We are hoping that before the end of the year we should be clocking at least 1.8 million barrels per day,” he said, expressing confidence that the target will be met.
The recent five‑day strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) over the alleged dismissal of workers by Dangote Refinery had a significant impact, costing the country more than 200,000 barrels per day in lost production, as well as deferred gas output and power generation. Federal intervention, led by National Security Adviser Nuhu Ribadu, resolved the dispute: Dangote agreed to redeploy the dismissed workers, and the union called off the strike. Ojulari praised the government’s action as a positive step for the economy.
Since the strike, NNPCL has gradually restored the lost output and is working to recover deferred production. The anticipated increase in oil production is expected to bolster the nation’s economy, and the company remains committed to achieving its year‑end target. With the PENGASSAN‑Dangote dispute settled, NNPCL is positioned to move forward and meet its goals.
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