Tuesday 23 September 2014

TOTAL CUTS PRODUCTION TARGET FOR NIGERIA, OTHERS

Oil major, Total, has cut its 2017 output goal to 2.8 million barrels of oil equivalent per day from the previous three million.

The firm, which has struggled with production outages in Libya, Kazakhstan and Nigeria, said on Monday that it would step up asset sales and overhaul exploration after cutting its oil output targets.

Read more @ The Punch

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