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Nigeria Targets Record 3 Million Bpd Oil Output by 2030
Nigeria is set to ramp up crude oil production to 3 million barrels per day by 2030, according to the country’s upstream regulator, which says reforms aimed at accelerating investment and reducing project delays are beginning to reverse…
AI Summary
Nigeria’s upstream regulator announced a plan to increase crude oil production to 3 million barrels per day by 2030, nearly doubling current output and setting a historic high. The commission said recent reforms—faster permitting, quicker crude sales approvals and other regulatory changes—are beginning to reverse years of declining output and are intended to attract more upstream investment.
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