Epoxy curing agent News Nigeria s oil production falls below 1 million barrels per day in April

Nigeria s oil production falls below 1 million barrels per day in April

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Nigeria s oil production falls below 1 million barrels per day in April


Foreign news on May 11, data released by the oil regulator on Thursday showed that Nigeria's oil production fell below 1 million barrels per day in April, the lowest in seven months, after Exxon Mobil's local The strike at the facility hit the country's output.

The latest figures from the Nigerian Upstream Petroleum Regulatory Council in April showed oil production fell to 998,602 bpd from an average of 1.28 million bpd in the first three months of the year.

Nigeria produces 2.2 million bpd but has struggled to meet its OPEC quota of 1.8 million bpd due to stolen crude, damaged pipelines and a lack of new investment in the industry.

Nigeria's oil and condensate production fell to 1.25 million bpd in April from 1.52 million bpd in the previous month.

The government assumed oil production of 1.69 million bpd in this year's budget.

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