Nigeria’s Kachikwu Says Oil Flow ‘Dismal’ on Steady Attacks
- Output seen 23% lower than in 2015 due to militant activity
- OPEC members to seek better crude prices at Algiers meeting
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Nigeria will pump no more than 1.5 million barrels a day of oil this year as sustained attacks by militants have damaged infrastructure including its biggest export terminal, said the country’s oil minister.
“Our average for the year will obviously be dismal,” Minister of State for Petroleum Emmanuel Kachikwu said in an interview Friday. “I would imagine that we would probably end the year at about 1.5 million barrels a day at best.”