Nigeria is targeting 2.4 million barrels of crude oil per day (mbpd) in output in 2016, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has disclosed. Kachikwu spoke recently in Abuja while outlining his broad strategy for the country’s oil and gas sector for the year.
He said that even though the target of 2.4mbpd was not used as a production benchmark for the 2016 budget, he explained that the production volume would be pursued by his ministry.
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