NIGERIA’S CRUDE OIL PRODUCTION FOR FEBRUARY FALLS TO 1.32 MILLION BARRELS/DAY, SAYS OPEC
Written by Olakunle Oke on March 13, 2024
For February, Nigeria’s crude oil production dropped to 1.32 million barrels per day from the 1.42-million-barrel oil daily production- a drop of 104,000 barrels per day.
This is according to OPEC’s monthly oil market report (MOMR).
The figure for the month was based on direct communication from Nigeria to OPEC’s authorities.
However, based on secondary sources, Nigeria recorded a daily crude oil production of 1.47 million barrels for February. This represents an increase of 47,000 barrels of oil per day.
Although crude oil production dropped for the month, Nigeria still retained its position as Africa’s biggest oil producer among the continental members of OPEC.
Source: Jordan 105.5fm News Bulletin
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