Nigeria’s monthly oil output rises 2.2%

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Nigeria’s total oil production rose by 2.2% in May to 1.7 million barrels per day, surpassing the country's OPEC production quota for the first time this year, according to the Nigerian Upstream Petroleum Regulatory Commission.

By Obas Esiedesa, Abuja Nigeria’s total oil production, comprising crude oil and condensates, increased by 2.2 per cent in May to 1.70 million barrels per day (bpd), while crude oil output exceeded the country’s OPEC production quota for the first time this year. Data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Thursday showed […] The post Nigeria’s monthly oil output rises 2.2% appeared first on Vanguard News.