ENERGY LIGHT 💡 February 17, 2025 Nigeria's Oil Production Hits 1.75 Million BPD Nigeria’s crude oil output has reached 1.75 million barrels per day (BPD), while gas production stands at 7 billion standard cubic feet per day (SCFD). This growth reflects ongoing efforts to boost local production and stabilize the energy market. Dangote Refinery Targets Full Capacity The Dangote Refinery is set to reach full operational capacity in 30 days. Currently processing at 85%, the refinery is sourcing 550,000 BPD from local producers, and the government may restrict export permits for companies failing to meet local supply. Legal Insight: The increase in Nigeria's oil production and the Dangote Refinery's move toward full capacity are significant developments in the country's energy sector. Legal professionals should monitor compliance with the Petroleum Industry Act (PIA), particularly regarding local content regulations and export permit policies. Ensuring adherence to these laws is crucial for sustainable growth and investment in Nigeria's oil and gas industry. Victoria Esq. Oil & Gas Lawyer