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OPEC: Nigeria fails to provide oil output figure | | MMS PLUS WEEKLY NG

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OPEC: Nigeria fails to provide oil output figure

Dr. Ibe Kachikwu, Minister of State for Petroleum

Nigeria failed to supply its crude oil production figure for last month to the Organisation of Petroleum Exporting Countries, the group’s latest monthly report released on Wednesday showed.

Nigeria regained the Africa’s top oil producer status in May after it lost it to Angola in January as it recorded the biggest increase in output among its peers in the OPEC that month.

OPEC uses secondary sources to monitor its oil output, but also publishes a table of figures submitted by its member countries.

Crude oil production from Nigeria increased to 1.855 million barrels in September from 1.804 million barrels the previous month, according to secondary sources.

Based on direct communication, the nation’s output stood at 1.742 million barrels in August but no figure was made available for September’s production, according to the report.

OPEC said the group’s total production in September averaged 32.75 million bpd,…



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