Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Sinopec’s Addax Petroleum to Boost Crude Output in Nigeria

Dec. 1 (Bloomberg) -- Addax Petroleum, the Nigerian unit of China Petroleum & Chemical Corp., or Sinopec, plans to boost oil output to more than 85,000 barrels a day by the end of 2012.

Addax currently produces 75,000 barrels daily from over 90 wells at its onshore Oil Mining Lease 124 and offshore OML 123 and 126, the company said in a statement on its website.

Sinopec bought Addax in 2009, adding reserves in Nigeria, Cameroon and Gabon.

To contact the reporter on this story: Elisha Bala-Gbogbo in Abuja at

To contact the editor responsible for this story: Dulue Mbachu at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.