NEWS

Nigeria returns as Africa’s number one oil producing country as Forcados resume export

Written by Adeeko Ademola

Nigeria’s crude oil exports are set to reach 1.84 million barrels per day (bpd) in July, according to PremiumTimes.

The new figure is slightly higher because of a recovery in Forcados exports, according to the nation’s loading programmes since Wednesday.

Forcados exports resumed at the end of May after a nearly complete shutdown since February 2016.

Meanwhile, the grade’s operator, Shell’s local subsidiary SPDC, issued an initial June schedule of 197,000 bpd. It, however, increased the schedule to 252,000 bpd.

By the resumption, Nigeria returns to the status of Africa’s largest oil exporter, a title it lost to Angola in 2016. The loss followed militant attacks on the nation’s oil infrastructure in the oil-rich Niger Delta region.

Production has since improved, following peaceful negotiations with leaders from the region.

About the author

Adeeko Ademola

Fiery Writer • Online Publicist • Content Manager • Entrepreneur • Patriotic Nigerian