Again, Crude Oil Production by OPEC, Allies Falls by 890,000 bpd Nigeria ramps up output to 1.51m bpd Emmanuel Addeh in Abuja Despite the decision of the Organisation of Petroleum Exporting Countries (OPEC) and its allies, OPEC+, to raise
crude oil production by 340,000 barrels per day last month, the gap between the group’s actual output and target still widened to 890,000 bpd, according to the cartel’s report.
It was also a month that saw Nigeria raise output to 1.51 million bpd, a marked improvement from the previous few months when the country struggled to produce between
1.2 million bpd and 1.4 bpd. Nigeria has been constrained in meeting its OPEC allocation for months, and as of January had as much as 300,000 barrels per day deficit, mainly due to
ageing upstream infrastructure and sabotage as well as technical reasons. Despite the over 1.7 million barrels per day output allowed by OPEC+, the country had
managed to increase production to about 1.4 million, the highest in recent times, going by the latest OPEC review. Continued on page 8
Sixth Batch of 301 Nigerian Evacuees Arrives from Ukraine... Page 12 Sunday 13 March, 2022 Vol 27. No 9833
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Anxiety as PDP National Caucus, NEC Meet Over Presidential Ticket Chuks Okocha in Abuja
ENERGY POLICY MAKERS… L-R: Chief Executive Officer, Nigerian Upstream Regulatory Commission, Mr. Gbenga Komolafe; US Secretary of Energy, Jennifer M. Granholm; Minister of State for Petroleum, Chief Timipre Sylva; and Secretary and Legal Adviser, NUPRC, Yemi Anyaenchi, at the CERAWeek Energy Conference in Houston, Texas, United States… weekend
There is anxiety among members of the Peoples Democratic Party (PDP) as the national caucus of the main opposition party and the party’s National Executive Committee (NEC) meet on Continued on page 12
Buhari Reads Riot Act to APC Leaders, Cautions against Name-calling, Backstabbing Says national convention still holds March 26 Bello, el-Rufai, Fayemi meet president in London Iyobosa Uwugiaren, Deji Elumoye, Chuks Okocha and Adedayo Akinwale in Abuja President Muhammadu Buhari has appraised recent developments in the ruling All Progressives Congress (APC) and warned the leaders and members of the party to desist forthwith
from name-calling and backstabbing. Rather, he said, the party must be ready to put its house in order ahead of the planned national convention of the party holding in Abuja on March 26, 2022. The embattled Chairman of the Caretaker/Extraordinary Continued on page 5
Ganduje: Nigeria’s Challenges Linked to GLOBAL RECOGNITION FOR GENDER INCLUSION…… United States Ambassador to Nigeria, Mary Beth Leonard (left), and Kwara State Governor, Mr. AbdulRahman AbdulRazaq, at the Faulty Foundation Laid by Colonialists... Page 5 International Women's Day Awards Gala hosted by the UNDP/UN Women in Lagos…recently