NNPC Announces New Milestone after Dangote Begins Petrol Production [Video]

• The NNPCL and its joint venture partner, Chevron Nigeria Ltd., have completed the conversion of five joint venture assets
• The Chief Upstream Investment Officer of NNPC, states that the asset conversion is expected to significantly boost crude oil output
• He emphasised the importance of Chevron’s operational approach in maintaining network stability and ensuring a steady supply of gas

Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

In accordance with the Petroleum Industry Act of 2021, the Nigerian National Petroleum Company Limited and Chevron Nigeria Ltd, its joint venture partner, have finished converting five joint venture assets.

The asset conversion is anticipated to greatly increase crude oil output, according to Bala Wunti, chief upstream investment officer of NNPC. By the end of 2024, the two companies …