Monday, February 15, 2016

Video - Nigeria to increase oil production to 2.5 million barrels per day

Nigeria's Minister of State for Petroleum Emmanuel Ibe Kachikwu, has announced plans to increase crude output to up to 2.5 million barrels per day by the end of 2016. The government has made reforming the oil sector a priority as a slump in oil prices hammers the country's economy. Nigeria's oil and gas output has been relatively stagnant as big offshore projects have been held up by much-delayed government funding and uncertainty over fiscal terms.

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