Nigeria

Africa’s Top Oil Producer Poised to Give OPEC an Output Headache

phillipurich February 15, 2018 No Comments 154 views

Add independent Nigerian drillers to the list of oil producers itching to supply more crude at a time when OPEC and allies like Russia are trying to restrict output and prop up prices. Domestic Nigerian producers are aiming to pump almost 250,000 barrels a day more crude by 2020 as part of a wider plan for the nation to lift output to 2.5 million a day, Oil Ministry data show. Shoreline Group, the third-biggest independent, wants to double output by December with Seplat Petroleum Development Co., the second-largest, also intending to produce more. (chart on original article) They are planning to add barrels at the same time as Nigeria participates in a global pact to restrict oil supply that’s being led by the Organization of Petroleum Exporting Countries and non-member nations including R...

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Nigeria

Africa’s Top Oil Producer Poised to Give OPEC an Output Headache

SAZ Oilfield Equipment Inc.

Saudi Arabia WAR THREAT: Oil tankers BOMBED – Saudis BAN exports through Red Sea straits

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