- NNPC restores 275,000 bpd at Total Energies joint venture after workers strike resolution.
- The agreement with Total Energies and industry unions led to the immediate suspension of the strike.
NNPC Ltd restored 275,000 bpd (barrels per day) at its joint venture with Total Energies, resolving a worker strike. The agreement involved TotalEnergies and industry worker unions, leading to the immediate suspension of the industrial action.
NNPC didn’t disclose the dispute details or worker demands. Nigeria’s October oil production was 1.49 million bpd, below the 2023 target of 1.69 million bpd. Despite production improvements, challenges like crude theft persist. NNPC faces concerns about meeting natural supply for the delayed 650,000 bpd Dangote Refinery.