Nigeria’s Oil Production At 30-Year Low – Report

Crude-Oil-Barrels-OPEC

According to a report, Nigeria’s oil production is at its lowest in 30 years.

United States Energy Information Administration says Nigeria’s oil production fell to 1.4 million barrels per day, as at May, 2016, nearly a 30-year low.

According to a report released on Thursday, the agency said the Niger Delta Avengers’ (NDA) attacks were responsible for the severe disruptions in crude oil production.

Key oil-gathering and export infrastructure have been targeted by the militant group.

SEE ALSO: Niger Delta Avengers Split Over Dialogue With FG

Crude oil production disruptions in Nigeria reached 750,000 barrels per day (b/d) in May 2016, the highest level since at least January 2009. The increased disruptions come as militants continue to focus attacks on oil and natural gas infrastructure in the West African region.

“Nigeria is a member of the Organisation of Petroleum Exporting Countries (OPEC) and was Africa’s largest oil producer until Angola’s oil production surpassed it earlier this year,” the report said

SEE ALSO: Discovery Of Oil In Commercial Quantity In North Will Hasten N/Delta’s Breakaway – Avengers

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