Libya’s economy has long been synonymous with oil, with hydrocarbon exports historically contributing the lion’s share of the country’s revenue. However, the susceptibility of oil prices to global market dynamics.
Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, yesterday said that Nigeria’s crude oil production is expected to increase from current average of 2 million barrels per day to.
Nigeria will increase its oil production to 1.8 million barrels per day in 2019 and raise condensate production to 0.5 million bpd, the managing director of Nigerian state oil firm.
The nation’s oil production, including condensate, declined by about 70,000 barrels per day to 2.09 million bpd in October, compared to the preceding month, new data from the Ministry of.
Nigeria managed to raise only 55 percent of its six-month revenue target in the first six months of 2016, its budget minister said on Monday. “We have not been able.
