Nigeria’s crude oil production increased marginally from 1.307 million barrels per day in July to 1.352mbpd in August.
The Organisation of the Petroleum Exporting Countries (OPEC) said in its September Monthly Oil Market Report that Nigeria’s average daily crude production rose marginally by 45,000 barrels per day.
According to the report, Nigeria’s production for July was 1.30mbpd.
It added that in May, Nigeria’s daily oil production further dipped to 1.25 million barrels per day, while Nigeria lost 30,000bpd, with crude production dropping from 1.28mbpd in April to 1.25mbpd in May.
However, Nigeria’s dwindling daily oil production improved in April, rising marginally from 1.23 million barrels per day in March to 1.28mbpd.
OPEC stated that Nigeria’s oil production added 50,000 barrels daily in April after it fell in recent times. The crude production fell from 1.32 million barrels per day in February to 1.23 million barrels per day in March and production dropped from 1.427mbpd in January to 1.322mbpd.
GIK/APA