Nigeria’s Oil Output Cut 500,000 Barrels by Flood, Agency Says
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Nigeria, Africa’s top crude producer, lost as much as 500,000 barrels a day of output during two months of flooding that deluged oil fields in the Niger River delta and is now restarting some of the platforms.
Production dropped to 2.1 million barrel a day from 2.6 million at the height of the floods “in the last couple of weeks,” Osten Olorunsola, head of the Department for Petroleum Resources, the oil industry’s regulator, said in Lagos, the commercial capital. Output is gradually being restored to 2.3 million barrels as the water recedes and producers reopen wells and other affected facilities, he said.