The monthly report of the Organisation of the Petroleum Exporting Countries (OPEC) has contradicted the claims by the federal government that the nation’s crude oil production is growing. According to the latest organization’s report, Nigeria’s oil production dropped to 1.25mbpd. OPEC data showed that Nigeria lost 30,000bpd as crude production dropped from 1.28mbpd in April to 1.25mpd in April. The Nigerian National Petroleum Company Limited’s (NNPC)’s Group Chief Executive Officer, Mele Kyari, not too long ago stated that crude production was nearing 1.7mbpd at the time. He stated this when…
Read More‘Nigeria’s Oil Production Drops To 1.25mbpd,’ OPEC Contradicts NNPC’s May Figure
