Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Nigeria demanded separation of its crude oil from condensate output 6yrs ago

    Nigeria demanded separation of its crude oil from condensate output 6yrs ago

    September 4, 2023
    Share
    Facebook Twitter LinkedIn WhatsApp
    *Mele Kyari

    – Mele Kyari’s disclosure rather disingenuous

    Lagos — In a bid to obtain more favourable quota allocations from the Organization of Petroleum Exporting Countries, OPEC, Nigeria had 6 years ago embarked on a campaign to get reporting agencies in Europe and the United States of America to cease reporting its crude oil output alongside that of condensate.

    At the time, Nigeria’s campaign succeeded, and the accomplishment was celebrated in government circles owing to the added revenue receipts the country was poised to receive.

    Mele Kyari, the CEO of the Nigeria National Petroleum Company Limited, NNPCL’s recent disclosure that Nigeria is pumping 1.67 million barrels of oil and condensates per day has struck oil watchers in the know as rather odd and disingenuous.

    “Why didn’t Kyari disclose the figures separately by telling us how much of the 1.67 million barrels constitute crude oil and how much condensates account for?” An oil trader who pleaded anonymity queried.

    “Can Mele Kyari also share with Nigerians how much revenue the country has made from export of condensates volume over the last 6 years, after the government campaigned for a separation in the reporting of both volumes.”

    The oil trader also decried Mele Kyari’s claim that President Bola Tinubu has “re-engineered the security approach, noting that all the measures currently in place were instituted by the Muhammadu Buhari administration.

    Africa’s top oil producer recorded an average daily oil output (NGOIL=ECI) of 1.22 million barrels per day (mbpd) in the second quarter of 2023, the National Bureau of Statistics said a week earlier.

    Large-scale oil theft from pipelines and wells has hobbled the country’s output and crimped exports in recent years, damaging Nigeria’s finances and leaving Tinubu with one of his biggest challenges.

    Follow us on twitter

    Related News

    Angola’s Block 17 partners sign license extension

    Tinubu pardons Ken Saro-Wiwa, confers national honours on Ogoni Nine

    NCDMB Executive Secretary becomes member of APPO Board

    E-book
    Resilience Exhibition

    Latest News

    LASG approves seven dedicated truck parks for Lekki Port axis

    June 13, 2025

    NCDMB Executive Secretary joins AEW 2025 amid focus on enhancing local capacity

    June 13, 2025

    AfDB to provide $184.1m for Africa’s largest solar energy and battery storage project

    June 13, 2025

    NSC seeks closer collaboration with Police to boost port enforcement

    June 13, 2025

    Can the African Energy Bank transform the continent’s refining and downstream future?

    June 13, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.