Nigeria’s oil output near 1.8 mln bpd – Kachikwu


Nigeria’s oil minister, Emmanuel Ibe Kachikwu told a forum in Abuja on Thursday that the country’s oil production is close to 1.8 million barrels per day (bpd), Reuters reports.

Nigeria has struggled to regain its peak production of around 2.2 million bpd due to persistent militant attacks in the oil-producing Niger Delta region.

The Forcados crude stream, with roughly 300,000 bpd, has been under force majeure since February, and in the third quarter production was roughly 1.63 million bpd, according to the country’s statistics office.

Kachikwu said the primary goals for 2017 would be to secure “lasting peace” in the Niger Delta, gain external funding for oil investments and improve the nation’s oil refining system.