NIGERIA’S CRUDE OIL PRODUCTION RISES TO 1.5MBPD

After hitting two-yea low last month due to Niger Delta militant attacks on oil facilities, Nigeria’s crude oil production has managed to increase from the 1.426 million barrels per day in May to 1.523 million barrels per day in June.

The Organisation of Petroleum Exporting Countries (OPEC), which made this disclosure in its July oil and gas report released on Tuesday, noted that the country’s production has increased by 98,000 barrels per day (bpd).

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