Nigeria crude output drops on major floods

摘要

Lagos—Nigeria’s crude output averaged just 2.1 million b/d over the past few weeks, down by 500,000 b/d versus September production, due to severe flooding in producing areas, according to the country’s oil industry monitor the Department of Petroleum Resources. The DRP added that the country’s oil output had now begun to ramp back up and was averaging around 2.3 million b/d. Nigeria’s oil production has been steadily rising in recent years and, according to stateowned NNPC, it hit a peak of around 2.7 million b/d in the summer.