November 13, 2018 / 9:12 AM / 7 months ago

NNPC says Nigeria will raise oil production to 1.8 mln bpd in 2019

The Nigeria National Petroleum Corporation (NNPC) headquarters are seen in Abuja, Nigeria December 5, 2017. REUTERS/Afolabi Sotunde/File Photo

ABU DHABI (Reuters) - Nigeria will increase its oil production to 1.8 million barrels per day in 2019 and raise condensate production to 0.5 million bpd, the managing director of Nigerian state oil firm NNPC said on Tuesday.

Nigeria currently produces 1.6 million bpd of oil and 0.4 million bpd of condensate, Maikanti Baru told Reuters.

He added that he expected NNPC to sign deals with consortiums this month to revamp long-neglected oil refineries.

Reporting by Tuqa Khalid; Editing by Dale Hudson

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