Author Topic: Nigeria produced 2.1m barrels today, oil production is nearly back to normal  (Read 421 times)

0 Members and 1 Guest are viewing this topic.

Offline mastercode

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 2314
  • Thanked: 7 times
  • Karma: +0/-0
    • View Profile
    • Naijacrux
Loading...

Nigeria’s oil production is nearly back to normal following a sharp drop earlier this year due to rebels attacking pipelines, the oil minister said Tuesday.



“The reality is that as of today and this morning, we are at 2.1 million barrels production. That’s substantial,” Minister of State for Petroleum Emmanuel Kachikwu said in the nation’s capital of Abuja.

Nigeria normally produces around 2.2 million barrels per day (bpd), but output dropped to a low of 1.4 bpd this year due to rebels attacks.

Addressing the press after a meeting between Nigerian President Muhammadu Buhari and representatives from the oil-producing Niger delta region, Kachikwu said “a lot of behind the scene engagements” were paying off.

“Part of the expectations by 2017 is to target zero shutdowns as a result of militancy,” Kachikwu said, describing the talks as “fairly good, fairly civilised dialogue”.

The meeting was attended by Edwin Clark, a veteran leader who spoke on behalf of some of the militant groups in the country’s restive southern swamplands, including the Niger Delta Avengers.

Clark made 16 demands to the Nigerian government, including revamping an amnesty programme for ex-militants, reducing the military presence in the region and cleaning up pollution.

The demands borrow heavily from the Avengers, who demand a greater share of oil revenue and also want the government to finish construction of a university.

Without peace in the Niger delta, which produces the bulk of Nigeria’s oil, Buhari will struggle get the funds needed to kick-start the Nigerian economy out of its worst slowdown in years.

But analysts point out that his government can only meet so many of the demands.

“I think it’s the beginning of the discussion,” Dolapo Oni, energy analyst at Ecobank, told AFP.

“We’ve seen the demands and we know not all of them can be granted, but as much that can be done I think Buhari will do,” Oni said.

Then there is the issue of rival militant groups threatening any agreement.

On Sunday, the Niger Delta Greenland Justice Mandate group claimed an attack on a gas pipeline, saying it will “never support” the talks and declaring “this is not ending soon.”


 

 

Soldiers from Chad killed 207 Boko Haram in Nigeria-Chad Soldiers To The Rescue

Started by mastercode

Replies: 0
Views: 526
Last post February 26, 2015, 02:27:17 AM
by mastercode
Nigeria Police Force To Withdraw Police Officers From Politicians, Others

Started by internet police

Replies: 0
Views: 435
Last post February 16, 2015, 06:12:57 PM
by internet police
Nigeria Fuel crisis nears end as oil marketers,govt agree to restore fuel supply

Started by internet police

Replies: 0
Views: 261
Last post May 26, 2015, 04:34:32 PM
by internet police
US Legislature tells Nigeria military-You lack Training&Needs Training, not arms

Started by mastercode

Replies: 0
Views: 234
Last post August 05, 2015, 05:07:41 PM
by mastercode
100 Easiest Ways To Make Big Money, Save More Money & Spend Less In Nigeria Now!

Started by Tony1980

Replies: 0
Views: 299
Last post November 03, 2015, 05:55:07 PM
by Tony1980
President Buhari remains Nigeria's president whether home or abroad ? Presidency

Started by yungcrux

Replies: 0
Views: 230
Last post March 14, 2016, 09:09:17 AM
by yungcrux
Nigeria Celebrate 57th Indepedence , Buhari Visits Maiduguri To Celebrate

Started by Nairaland

Replies: 0
Views: 394
Last post October 02, 2017, 12:36:37 AM
by Nairaland
President Obama reaffirms readiness to work with Nigeria President elect buhari

Started by admin

Replies: 0
Views: 275
Last post April 16, 2015, 02:51:33 PM
by admin
United States relaxes arms embargo, begins to send arms to Nigeria

Started by mastercode

Replies: 0
Views: 248
Last post August 17, 2015, 10:54:35 AM
by mastercode
Buhari's Attack must stop, his failure is Nigeria?s failure ? Igbo group warns

Started by internet police

Replies: 0
Views: 289
Last post September 03, 2015, 12:41:28 AM
by internet police