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2016-05-30 18:05:00

NIGERIAN OIL DOWN 50%

NIGERIAN OIL DOWN 50%

Nigeria's crude oil and condensate production has fallen almost 50% from the start of the year to around 1.1 million b/d, an official from state oil firm Nigerian National Petroleum Corp. said Friday, after reports of a fresh attack on an oil and gas pipeline in the Niger Delta late Thursday.

"The waves of attack on virtually [most] oil pipelines and production facilities in the western division of the Niger Delta have crippled operations there," the NNPC official told Platts.

"We estimate total production losses to be around…

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Tags: NIGERIA, OIL, PRODUCTION, NNPC

Chronicle:

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