Nigeria's crude oil production dropped in January, data from the Organisation of Petroleum Exporting Countries (OPEC) has shown. Oil production from the 12 members of the organisation averaged 26.34mn barrels per day (bpd) in January 2024, lower by 350,000 bpd, month-on-month, OPEC said in...
"Based on reference production of Nigeria of October 2018 of 1.829 million barrels per day of dry crude oil, Nigeria will now be producing 1.412 million barrels per day, 1.495 million barrels per day and 1.579 million barrels per day respectively for the corresponding periods in the agreement,"...
Nigeria Crude Oil: Production was reported at 1,324.000 Barrel/Day th in Sep 2024. This records a decrease from the previous number of 1,352.000 Barrel/Day th for Aug 2024.
Based on reference production of Nigeria of October 2018 of 1.829 million barrels per day of dry crude oil, the minister added that the nation will be producing 1.412 million barrels per day, 1.495 million barrels per day and 1.579 million barrels per day between May and June, July and Decem...
According to the OPEC report, total OPEC-13 crude oil production averaged 28.60 million barrels per day in April 2023, a 191 thousand barrels per day decrease month on month. Crude oil output increased primarily in Saudi Arabia, Angola, and Iran, while production declined in Iraq and Nigeria....
LAGOS, June 7 (Xinhua) -- Nigeria's current crude oil export volume is less than 1.3 million barrels per day, Minister of State for Petroleum Resources, Ibe Kachikwu, has said. In an interview with reporters in Abuja Tuesday, Kachikwu said the volume of oil available to the federation ...
At the current price, the nation generates $28.06 per barrel in excess of the $45 per barrel reference price of the 2018 budget. SEATTLE (Oil Monster): Nigeria's excess crude account is set to swell as the price of Bonny Light leaps towards $75 per barrel in the international market. ...
There are vast reserves of natural gas, but most of the gas produced is a by-product of crude oil. In the past this was burned off, as there was no market for it, but production has since increased, and Nigeria became a globally ranked exporter of this commodity. Production has often ...
Crude oil Production(World Rank: 13)1,871,000bbl / day Exports(World Rank: 6)2,279,000bbl / day Proved reserves(World Rank: 10)37,060,000,000bbl Refined products Production(World Rank: 71)70,140bbl / day Consumption(World Rank: 42)316,000bbl / day ...
Crude oil - production: This entry is the total amount of crude oil produced, in barrels per day (bbl/day). Crude oil - production field listing 1.989 million bbl/day (2018 est.) country comparison to the world: 11 Crude oil - exports: This entry is the total amount of crude oil exp...