Nigeria’s Oil Output In July Slightly Below 1.8m bpd – Kachikwu

Nigeria’s Oil Output In July Slightly Below 1.8m bpd – Kachikwu

Nigeria’s oil production, excluding condensates, was slightly below 1.8 million barrels per day in July, the country’s oil minister said on Thursday, Reuters reports.

Emmanuel Ibe Kachikwu, speaking on the sidelines of an event in the capital, Abuja, said there had been issues with aging pipelines. “We continue to have challenges, some of our pipelines are old, so these are basically technical. They are not militancy-induced stoppages, but they are basically maintenance-induced stoppages,” he said.

Nigeria’s oil output has rebounded this year, aided by government efforts to placate militants in the Niger Delta region where the bulk of the country’s crude is produced, but it has struggled to maintain peak output levels. When asked whether Nigeria would agree to join OPEC’s production cap at the group’s November meeting, the minister said: “I can’t disclose that.”

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