Kachikwu 'Crude oil production rises to 2m barrels daily,' Minister says

Kachikwu said the country now produces additional 200,000 barrels per day, up from the 1.8 million bpd recorded in recent times.

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Nigerian Oil Minister Emmanuel Ibe Kachikwu speaks during an interview with Reuters in Abuja, Nigeria February 12, 2016.REUTERS/Afolabi Sotunde play Nigerian Oil Minister Emmanuel Ibe Kachikwu speaks during an interview with Reuters in Abuja, Nigeria February 12, 2016.REUTERS/Afolabi Sotunde
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Nigeria's crude oil production has risen to two million barrels per day, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has said.

Kachikwu said the country now produces additional 200,000 barrels per day, up from the 1.8 million bpd recorded in recent times.

He disclosed this when he met with the House of Representatives Committee on Petroleum Resources (Upstream) to defend the 2017 budget estimates of the Ministry of Petroleum Resources.

Kachikwu told the committee, which is chaired by a member from Delta State, Victor Nwokolo, that repair works on the facility were nearing completion.

"In some weeks, we will be able to progress to 2.2 million bpd, which is the target of the (2017) budget,"the minister added.

ALSO READ: Oil attacks in 2016 cost Nigeria up to $100bln, says Kachikwu

He, however, pointed that poor releases of budgeted funds slows down some of the ministry's projects.

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