NIGERIA’s oil production has slumped to an all-time low of below one million barrels per day.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said the output averaged 972,394 barrels per day in August 2022.
The latest figure indicates the drop is more than 10 per cent, compared to July 2022 production, which was 1.08 million barrels.
Meanwhile, members of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), yesterday, submitted a letter to the Group Chief Executive Officer of Nigerian National Petroleum Company (NNPC) Limited, following a rally to draw government’s attention to oil theft and pipeline vandalism.