Abuja — Nigeria’s Minister of State for Petroleum Resources, Timipre Sylva, said on Thursday that the country is producing 1.774 million barrels of crude oil per day.
“Today Nigeria is producing according to OPEC 1.774 million bpd,” Sylva said at a media briefing in Abuja.
The minister said he was working to get the long-delayed Petroleum Industry Bill, PIB, passed into law within the second quarter of this year.
He also disclosed plans to conduct a bid round for major oil blocks after the passage of the PIB.
Speaking earlier this year, the minister had declared that the PIB would be passed into law by the middle of this year.
In a statement to mark the new year, released in Lagos, the minister said the review of the bill was at an advanced stage.