Nigeria wobbles to regain Africa’s top crude oil producer
With a production capacity of 1.2 million barrels per day (bpd), Nigeria wobbled to emerge the top crude oil producer in March 2023, despite it’s the country’s
Nigeria: Rich in oil but poor in refining ?DW ?02/15/2023
02/15/2023 Nigeria is Africa's biggest oil producer. But the lack of operational oil refineries has left the industry in crisis, forcing the country to import fuel. Economists say the next...
Outlook for Nigeria’s upstream Oil & Gas
The research agency released its Nigeria Upstream Oil & Gas Report for 2023 this week, forecasting a recovery of onshore volumes and incremental growth coming from shallow water projects. The
Nigeria is producing less and less oil. Here's why - Phys.org
Nigeria's oil output was at the lowest since 1990 as its crude oil production fell below 1 million barrels per day (bpd) in August 2022. And data from the Organization of the Petroleum...
FG’s 2023 budget oil projections shifts to cautious estimates
The Federal Government is pegging the 2023 budget on an oil price benchmark of $70 per barrel and a daily oil production capacity of 1.69million barrels,
With 23.7m Barrels Output Deficit in 2023, Nigeria Records
Emmanuel Addeh in Abuja. Against the 1.69 million barrels per day oil production benchmark in the 2023 budget, Nigeria recorded an output deficit of about 23.7 million barrels of crude oil
Nigeria: Rich in oil but poor in refining DW 02/15/2023
Nigeria's economic machinery is driven by crude oil, which is found in massive deposits in the Niger Delta. But despite the natural wealth, the economy is struggling. Economic growthis lower than population growth; experts warn of rising poverty and social unrest. The reasons for this downward trend are evident. Oil production has fallen to an all-...THISDAYLIVE
Oil industry in Nigeria - statistics & facts | Statista
Nowadays, Nigeria is Africa main oil producer. With 18 operating pipelines and an average daily production of some 1.8 million barrels in 2020, Nigeria is the eleventh largest oil...
Reuters Survey: At About 1.6mbpd, Nigeria’s Oil
Nigeria’s crude oil production for March 2023 edged up to about 1.6 million barrels per day (mbpd), with the country recording the biggest Organisation of
Shell resumes production at Bonny Terminal bolstering Nigeria
Nigeria oil production will improve: Once oil exports are on the rise, the country will produce more. February 2023 data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Organization of Petroleum Exporting Countries (OPEC) show that Nigeria produced 1.3 million barrels per day of crude oil (aside from condensates).
