Nigeria’s Crude Oil Production Increases to 1.352 Million BPD
Nigeria’s crude oil production increased from 1.307 million barrels per day inJuly to 1.352mbpd in August. This is according to OPEC’s September Monthly Oil Market Report. OPEC reported that the average daily crude production rose marginally by 45,000barrels per day, based on information obtained through direct communication withthe Nigerian government. This report contradicts the Federal […]
NNPCL Under Financial Strain
The Nigerian National Petroleum Company Limited is experiencing financialstrain, which has put considerable pressure on the company and poses a threat tothe sustainability of fuel supply. Its Chief Corporate Communications Officer, Olufemi Soneye, in a statementyesterday, acknowledged reports regarding the company’s significant debt topetrol suppliers, noting that the financial strain had placed considerable pressureon the […]
