Nigeria expects oil output to rise to 1.6 mln barrels per day by Q1 2023 - finance minister

📆 12/16/2022 5:17 AM
📰 ReutersAfrica

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Nigeria expects oil output to rise to 1.6 mln barrels per day by Q1 2023 - finance minister.

Oil production hit 1.

185 million in November, figures from the country's petroleum regulator showed, after output fell to less than 1 million in August, the lowest in years due to increased crude oil theft and vandalism of pipelines, forcing some companies to curtail or stop production.Reporting by Chijioke Ohuocha and Nellie Peyton; Editing by Estelle Shirbon

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