Nigeria Hopes New Upstream Deal Will Boost Its Oil Production to 2 Million Bpd

The latest upstream deal in Nigeria’s oil sector is expected to help boost crude production in the country to 2 million barrels per day (bpd) by the end of 2024, Heineken Lokpobiri, Nigeria’s Minister of State Petroleum Resources, has said. The latest acquisition of assets of a foreign firm by a local oil company was completed at the end of August when Italy’s energy major Eni announced the closing of the sale of its wholly owned subsidiary, Nigerian Agip Oil Company Ltd (NAOC), Oando PLC, Nigeria’s leading local energy…