Nigeria’s Oil Output Dropped in First Half, Gas Rose, Bank Says
This article is for subscribers only.
Crude output from Nigeria, Africa’s top oil producer, fell 2.3 percent in the first half to 382 million barrels while gas production rose almost 25 percent to 34 billion cubic meters, a central bank report showed.
Daily crude and condensate output averaged 2.09 million barrels a day compared with 2.14 million a year earlier, the Abuja-based Central Bank of Nigeria said in its review of the economy for the first six months of the year published on its website. An estimated 6.02 billion cubic metres of gas was flared during the period, a 7.38 percent decrease year-on-year.