Nigeria oil output hits six year high, above OPEC target
ABUJA – Nigeria’s crude production reached a 74-month high last month, authorities said recently, hitting an average of 1.56 million barrels per day, or 104% of its OPEC quota. Africa’s largest oil producer has increased production in recent years in part by cracking down on theft while also hiring former militants who sabotaged pipelines to... The post Nigeria oil output hits six year high, above OPEC target appeared first on New Era .
ABUJA – Nigeria’s crude production reached a 74-month high last month, authorities said recently, hitting an average of 1.56 million barrels per day, or 104% of its OPEC quota.
Africa’s largest oil producer has increased production in recent years in part by cracking down on theft while also hiring former militants who sabotaged pipelines to act as security.
