The Nigerian National Petroleum Company Limited, NNPCL, has restored 275, 000 barrels of oil per day production.
It also added that the development was a result of a peace deal it brokered between the operator of the NNPC/Total JV, the Petroleum and Natural Gas Senior Staff Association, PENGASSAN, and the Nigeria Union of Petroleum and Natural Gas Workers, NUPENG.
Chief Corporate Communications Officer of NNPCL, Olufemi Soneye, in a statement said the unions agreed to suspend ongoing industrial action.
In a similar vein, Dangote Refinery has secured a licence to refine over 300,000 barrels of Nigerian crude per day and will begin to process petrol soon.
Aliko Dangote made this known in an interview in Riyadh on the sidelines of the Saudi-Nigeria business roundtable, adding that the refinery’s first priority is to supply petrol to Nigeria before exporting elsewhere, including the West African region.