‘Nigeria, other African nations’ oil output to hit 12m bpd’ – APPO

Daily oil production from African countries, including Nigeria, has been projected to reach 12 million barrels per day (bpd) in the next few years. The current output is about 10 million bpd, The Nation reports.

African Petroleum Producing Organisation (APPO), formerly African Petroleum Producing Association (APPA), Executive Secretary His Excellency, Mahaman Laouan Gaya, spoke of the projection at a summit in Abuja. He noted that African producers should have a common platform in terms of policy initiatives and strategy to gain the deserved relevance in the comity of global oil producers.

He advised African oil producers to come together to surmount the global oil and gas challenges and reap the benefits from the petroleum value chain, while also working in partnership with stakeholders in the industry.

Gaya emphasised the need for such cooperation, noting the importance of enhancing the levels of cooperation among all concerned parties including energy producers and consumers, owners of advanced technology, financial institutions and policy makers to promote benefits and mutual interests of achieving partnerships based on unified targets and objectives.

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