Nigeria’s oil output rose to 2.158mbpd in September – Petroleum Ministry

The Federal Ministry of Petroleum Resources has disclosed that Nigeria’s oil production, including condensates, in the month of September was 2.158 million barrels per day (mbpd).

The ministry in its Periscope Newsletter had indicated that crude oil production, including condensates, stood at 1.82 million barrels per day (mbd) in May and 1.89mbd in June 2018.

These were lower than the average 2 mbd crude oil production the country recorded in the first four months of 2018 and are still far lower than the 2.3 mbd production benchmark set in the 2018 budget.

Source: THIS DAY



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