Nigeria’s budget for next year is based on 1.7 million bpd of oil production and oil prices at $75 per barrel. Last month, Nigeria boasted it had reached an output of 1.8 million bpd and said it could even hit 2 million bpd by the end of the year. This summer...
Palm oil is one of the commodities produced in rural Nigeria whose consumption daily in the human diet and use as an industrial raw material have increased its potentials for income generation and poverty alleviation. This study examined the contribution of palm oil production to income generation a...
Nigeria extended the oil industry early criticism, comments that the export-oriented financial corruption of the government lost millions of daily income of $ 1, residents of the region should be used more oil revenues to help, or to reducing the The oil industry's impact on the environment. ...
In a statement reaching Xinhua on Thursday, the IMF said the latest data shows economic growth in Nigeria broadens in all sectors except oil, where production remains weak due to continued security and technical challenges. According to reports by local media, Nigeria's oil output dropped year on...
Oil - production:1.989 million bbl/day (2018 est.) Definition:This entry is the total amount of crude oil produced, in barrels per day (bbl/day). Source:CIA World Factbook- This page was last updated on Saturday, September 18, 2021 ...
It states that their hydrocarbon sector is facing a rough patch with flooding, oil thefts and regulatory uncertainty. It mentions that oil production would increase to 2.70 mn b/d by 2020. It states that Nigeria National Petroleum Cooperation would double its annual production of liquefied natural...
Lagos, Nigeria—Nigeria's long-delayed oil reform legislation will require at least another year before approval, the head of state oil firm Nigerian National Petroleum Corp. said Tuesday, indicating a further delay in rekindling investment in the country's oil industry and boosting production. 年份...
ABUJA, May 23 (Xinhua) -- Nigeria's Gross Domestic Product (GDP) grew by 3.11 percent year-on-year in real terms in the first quarter of 2022, despite low oil output in the same period, according to data released on Monday by the National Bureau of Statistics (NBS). ...
Nigeria joins the big league: Nigeria says it will be able to increase its oil production to four million barrels a day by the end of next year, three years ahead of its original estimate. While this will bring a sharp spike in Nigeria's......
ABUJA, Oct. 15 (Xinhua) -- Nigeria's state-run oil corporation on Tuesday said the country aims to produce 3 million barrels of crude oil daily, as efforts are underway to actualize the target before the end of 2023. "The possibilities are high, owing to programs undertaken by the govern...