AIRLINK 75.41 Increased By ▲ 0.56 (0.75%)
BOP 5.00 Increased By ▲ 0.02 (0.4%)
CNERGY 4.52 Increased By ▲ 0.03 (0.67%)
DFML 42.09 Increased By ▲ 2.09 (5.23%)
DGKC 87.33 Increased By ▲ 0.98 (1.13%)
FCCL 21.62 Increased By ▲ 0.26 (1.22%)
FFBL 34.00 Increased By ▲ 0.15 (0.44%)
FFL 9.82 Increased By ▲ 0.10 (1.03%)
GGL 10.55 Increased By ▲ 0.10 (0.96%)
HBL 114.31 Increased By ▲ 1.57 (1.39%)
HUBC 138.80 Increased By ▲ 1.36 (0.99%)
HUMNL 12.01 Increased By ▲ 0.59 (5.17%)
KEL 5.20 Decreased By ▼ -0.08 (-1.52%)
KOSM 4.70 Increased By ▲ 0.07 (1.51%)
MLCF 38.03 Increased By ▲ 0.23 (0.61%)
OGDC 140.05 Increased By ▲ 0.55 (0.39%)
PAEL 26.24 Increased By ▲ 0.63 (2.46%)
PIAA 21.95 Increased By ▲ 1.27 (6.14%)
PIBTL 6.87 Increased By ▲ 0.07 (1.03%)
PPL 124.25 Increased By ▲ 2.05 (1.68%)
PRL 27.08 Increased By ▲ 0.50 (1.88%)
PTC 14.02 Decreased By ▼ -0.03 (-0.21%)
SEARL 59.29 Increased By ▲ 0.31 (0.53%)
SNGP 68.80 Decreased By ▼ -0.15 (-0.22%)
SSGC 10.40 Increased By ▲ 0.10 (0.97%)
TELE 8.43 Increased By ▲ 0.05 (0.6%)
TPLP 11.29 Increased By ▲ 0.23 (2.08%)
TRG 64.40 Increased By ▲ 0.21 (0.33%)
UNITY 26.63 Increased By ▲ 0.08 (0.3%)
WTL 1.49 Increased By ▲ 0.04 (2.76%)
BR100 7,915 Increased By 77.5 (0.99%)
BR30 25,712 Increased By 260.3 (1.02%)
KSE100 75,659 Increased By 544.8 (0.73%)
KSE30 24,300 Increased By 186.4 (0.77%)

ABUJA: Nigeria's oil production stands at 2 million barrels per day, the managing director of the state oil company said on Tuesday.

"This has been sustained for some time now, but when the pipelines were being attacked it went down to 1.5m bpd," Maikanti Baru, who heads the Nigerian National Petroleum Corporation, told journalists after a meeting with President Muhammadu Buhari.

The OPEC member's oil production was cut last year by a series of attacks on the infrastructure in the southern Niger Delta region by militant groups.

Nigeria's output was around 1.5 million bpd in April, according to a Reuters survey.

Forcados, a major export pipeline carrying nearly 250,000 bpd in the restive region, is closed. It has only been open for three weeks in the past year, due to militant attacks, with no sign of the pipeline resuming operation.

There have not been militant attacks on pipelines in the last few months and the government has been holding talks with groups, who want a greater share of Nigeria's oil wealth to go to the impoverished region, to broker a peace agreement.

 

Copyright Reuters, 2017
 

 

Comments

Comments are closed.