Nigeria’s oil production in April 2022 averaged 1.354 million barrels per day, mbpd, the Nigerian National Petroleum Company,NNPC has said.
The company said the figure represents about 78 percent of the 1.735 mbpd quota allocated to it by the Organisation of Petroleum Exporting Countries, OPEC.
In its latest report to the Federation Account Allocation Committee, FAAC, meeting in May, the NNPC said total oil lifted (export crude) in April was 8.8 million barrels which was a 10 percent decline from the 9.77 million barrels lifted in the previous month.
According to the report,N337.6 billion was the gross domestic crude oil and gas revenue for the month of April, while recovery of strategic holding cost of N239, 381,651.39 was posted.
It added that crude oil export revenue received during the month amounted to $14.70 million, with export revenue received in April amounting to $29.94 million.
It also showed that NLNG feedstock gas receipt was $76.47 million which represented last month’s receipt $72.48 million, plus arrears of $4.26 million.
It said that other receipts for the month included the sum of $29.18 million being miscellaneous receipts, gas and ullage fees as well as interest income.