Nigeria has increased its crude oil reserves by 1 billion barrels and increased its natural gas reserves by 2.573 trillion cubic feet.
Nigeria ’s crude oil reserves have increased by 1 billion barrels while natural gas reserves have jumped by 2.573 trillion cubic feet TCF, the Nigeria n Upstream Petroleum Regulatory Commission NUPRC has said. As of January 1, 2024, Nigeria ’s combined proven reserves of crude oil and condensate stood at 37.50 billion barrels, while the reserves of associated natural gas and non-associated gas stood at 209.26 trillion cubic feet, NUPRC’s chief executive Gbenga Komolafe said.
“Engr Gbenga Komolafe says these figures shed light on the significant resources Nigeria possesses in terms of Oil and Gas reserves, reaffirming its position as a key player in the global energy landscape, which is crucial for the country’s energy policies, investment decisions, and overall economic planning,” NUPRC said today.
Crude Oil Reserves Natural Gas Energy Upstream Condensate Production Theft
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