crude oil production in Abuja

FG plans additional 1mbpd oil production in 24 months

  • crude oil production in Abuja
  • crude oil production in Abuja
  • crude oil production in Abuja
  • crude oil production in Abuja

FG Eyes Additional 1mb/d Oil Production In 24 Months

Crude production: Tinubu tasks NUPRC, industry players on

Political crisis in Nigerian oil capital sparks fears

Nigeria’s Offshore Oil, Gas Production Industry

  • How much oil does Nigeria produce per day?
  • Nigeria’s crude production averages 1.25 million barrels per day (bpd), according to data from the Organization of the Petroleum Exporting Countries (OPEC).
  • Can Nigeria thrive on non-oil revenue?
  • Still, experts like Peter Medee, associate professor of economics at the University of Port Harcourt, insist that Nigeria cannot thrive on revenue from non-oil sectors alone. “Oil is the nerve centre of [Nigeria’s] economy … If anything happens to oil production, it means that 60 percent of revenue is gone,” Medee told Al Jazeera.
  • What happens if oil production goes down in Nigeria?
  • “Oil is the nerve centre of [Nigeria’s] economy … If anything happens to oil production, it means that 60 percent of revenue is gone,” Medee told Al Jazeera. There are also fears that the political crisis could eventually snowball into an ethnic crisis because of the identity of the main actors.
  • Is a political crisis affecting Africa's largest oil producer?
  • Since then, a political crisis has unfolded, impeding governance in the state and risking crude production in Africa’s largest oil producer.

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