Nigeria Seeks 4 Million-Barrel Per Day Crude Oil Capacity

Nigeria plans to increase oil production capacity to 4 million barrels a day by 2020 and expand its crude reserves to 40 billion barrels, Petroleum Minister Diezani Alison-Madueke said.

Africa’s largest oil producer also aims “in the years ahead” to boost output of liquefied natural gas by an additional 20 million metric tons a year from the current level of 26 million tons, she said in a speech delivered at Howard University in Washington, Levi Ajuonuma, a ministry spokesman, said in a statement e-mailed today and dated yesterday.