Nigeria hits record high oil output

«§» 7 August 2012

Nigeria’s crude oil production hit a record high of 2.7 million barrels per day on Wednesday, the state-run oil company said on Thursday.



The results come despite ministers and oil companies saying recently that oil theft had caused output to fall.

“I am glad to report to you that in crude oil production, yesterday, we recorded an all time high of 2.7 million barrels. This has not been recorded before,” Andrew Yakubu, Managing Director of the Nigerian National Petroleum Corp (NNPC), said in a statement, according to Reuters.

Nigeria is a member of the oil producing group Opec, which has set the West African country a crude oil output limit of 1.67 million bpd.

Nigeria’s oil and finance ministers and the central bank governor have said in recent weeks that rapidly rising oil theft and the damage it causes to infrastructure is significantly cutting oil output.

Shell and the Nigerian government estimate somewhere between 150,000 and 180,000 bpd is being stolen, while an unknown amount is deferred due to pipeline sabotage.

Loading schedules showed Africa’s top oil producer was set to export 1.81 million bpd in September, its lowest in 11 months.

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Posted: at 7-08-2012 04:49 AM (11 years ago) | Hero

There is nothing to celebrate about this? poverty rate is still very high and its the same set of people that had been ruling us. The same people, same families,same ideas,same corruption, no positive change.

All of them should go to hell and help me to tell them that their days are numbered cos Nigerias are now awake.

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Posted: at 7-08-2012 05:22 AM (11 years ago) | Hero

Nonsense

Posted: at 7-08-2012 08:37 AM (11 years ago) | Hero

I pray make 9ja people benefit from the moni from dis oil, mtschewww

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Posted: at 7-08-2012 09:04 AM (11 years ago) | Gistmaniac

WHAT A COUNTRY 

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Posted: at 7-08-2012 10:12 AM (11 years ago) | Addicted Hero

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Posted: at 7-08-2012 11:46 AM (11 years ago) | Addicted Hero

Hmmm, i don't even undastand 9ja at all. Every time publishing what will hurt common people bcos they know that no single benefit to them. All our tomentors which we think as mentors care for only theirself and families. The muslims among them forgot Quran's warning against bad governing people whle the christian among them forgot about bible words and go astraiy. All of u are copy satan work. Remember one day which u and me will confess b4 God without any hiden agenda. Fear God.   

Posted: at 7-08-2012 12:02 PM (11 years ago) | Upcoming

Black leaders na gang of evil men.. just look at country like nigeria wey get plenti oil still people dey hungry na waooo. if na oyinbo leaders get this kind Natural resource thier pple no go see suffer any more.

Posted: at 7-08-2012 01:43 PM (11 years ago) | Newbie

Well said

Posted: at 7-08-2012 01:55 PM (11 years ago) | Hero

mtchewwww an opportunity to steal...

Posted: at 7-08-2012 04:18 PM (11 years ago) | Upcoming