• Nigeria’s oil production down to 1.56m bpd – Kachikwu

    Nigeria’s oil production down to 1.56m bpd – Kachikwu

    Minister of State, Petroleum Resources, Emmanuel Ibe Kachikwu, said on Thursday that the Nigeria’s oil production had fallen to 1.56 million barrels per day (bpd) due to persistent militant attacks.

    In a speech in Lagos, he added that the attacks had reduced output by some 700,000 bpd. Four streams of oil, including the country’s largest, Qua Iboe, along with Bonny Light, Brass River and Forcados are currently under force majeure, reports Reuters.

    He said the violence had also slashed domestic gas supply […]