Close Menu
Chronicle.ng
    Trending Stories
    Dangote refinery slashes petrol prices nationwide PENGASSAN

    PENGASSAN demands transparent pump price system

    June 17, 2025
    Iran accuses G7 of bias, defending itself against Israel's "cruel aggression"

    Iran accuses G7 of bias, defending itself against Israel’s ‘cruel aggression’

    June 17, 2025
    Over 600 flee Iran into Azerbaijan - Official

    Over 600 flee Iran into Azerbaijan – Official

    June 17, 2025
    Facebook X (Twitter) Instagram
    Trending
    • PENGASSAN demands transparent pump price system
    • Iran accuses G7 of bias, defending itself against Israel’s ‘cruel aggression’
    • Over 600 flee Iran into Azerbaijan – Official
    • Mbeumo picks Manchester United over Tottenham, Juventus offer Gyokeres £11m-a-year deal
    • Sabalenka apologises to Coco Gauff over ‘unprofessional’ comments after French Open defeat
    • Nigeria inflation rate drops to 22.97% in May – NBS
    • Obi applauds Tinubu on planned visit to Benue over massacre of 200 people
    • UN condemns killing of over 200 in Benue
    Facebook X (Twitter) Instagram
    Chronicle.ngChronicle.ng
    Subscribe
    Tuesday, June 17
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle.ng

    Nigeria’s oil output slightly below 1.8m bpd in July – Kachikwu

    Chronicle EditorBy Chronicle EditorAugust 24, 2017No Comments2 Mins Read
    Facebook Twitter Telegram WhatsApp
    Facebook Twitter WhatsApp
    Emmanuel Ibe Kachikwu, Minister of State for Petroleum has distanced himself from fake campaign posters in Delta State

    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.

    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.

    READ: Nigeria Army not monitoring social media – Spokesman

    Crude production in the country was cut by more than a third last year when militants carried out a series of attacks on energy facilities in the southern Niger Delta oil hub.

    The country’s crude oil exports are expected to fall to 1.72 million barrels per day in October, according to loading programmes.

    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.”

    OPEC has agreed with several non-OPEC producers led by Russia to cut oil output by a combined 1.8 million barrels per day (bpd) from January 2017 until the end of March 2018.

    OPEC members Libya and Nigeria were exempted from the limits to help their oil industries recover from years of disruptions.

    The minister said condensates contributed 450,000 bpd to Nigeria’s production in July.

    Reuters/MailOnline

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    Dangote refinery slashes petrol prices nationwide PENGASSAN

    PENGASSAN demands transparent pump price system

    Iran accuses G7 of bias, defending itself against Israel's "cruel aggression"

    Iran accuses G7 of bias, defending itself against Israel’s ‘cruel aggression’

    Over 600 flee Iran into Azerbaijan - Official

    Over 600 flee Iran into Azerbaijan – Official

    Nigeria's headline inflation rate eased to 22.97% relative to the April 2025 headline inflation rate of 23.71%

    Nigeria inflation rate drops to 22.97% in May – NBS

    Benue Massacre: Peter Obi slams Tinubu over silence, absence

    Obi applauds Tinubu on planned visit to Benue over massacre of 200 people

    How Mugambe, UN judge forced woman to work as slave

    UN condemns killing of over 200 in Benue

    Add A Comment

    Comments are closed.

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    Dangote refinery slashes petrol prices nationwide PENGASSAN

    PENGASSAN demands transparent pump price system

    June 17, 2025
    Iran accuses G7 of bias, defending itself against Israel's "cruel aggression"

    Iran accuses G7 of bias, defending itself against Israel’s ‘cruel aggression’

    June 17, 2025
    Over 600 flee Iran into Azerbaijan - Official

    Over 600 flee Iran into Azerbaijan – Official

    June 17, 2025
    Brentford had rejected Manchester United's 55m bid for Bryan Mbeumo insisting on 60m

    Mbeumo picks Manchester United over Tottenham, Juventus offer Gyokeres £11m-a-year deal

    June 17, 2025
    Sabalenka apologises to Coco Gauff over ‘unprofessional’ comments after French Open defeat

    Sabalenka apologises to Coco Gauff over ‘unprofessional’ comments after French Open defeat

    June 17, 2025
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2025 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.