Energy · 41 views
Nigeria Targets 100,000-BPD Oil Output Increase As Global Supply Disrupted
Nigeria is actively increasing its crude oil production in response to major global supply disruptions caused by the ongoing war in Iran, with authorities now aiming to raise output by 100,000 barrels per day (bpd) in the immediate term…
AI Summary
Nigeria's oil production is being increased in response to global supply disruptions. The country aims to boost output by 100,000 barrels per day, a move that could help fill widening supply gaps. The Nigerian Upstream Petroleum Regulatory Commission reports that the country's current total liquid volume output is 1.66 million barrels per day. This figure is supported by high-performing offshore assets such as Bonga, Erha, and Egina.
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