Nigerian output should recover to 2.2 mil b/d

摘要

Vienna-Nigerian oil production should to recover to 2.2 million b/d by the end of August as renewed militancy has pushed the country’s output to over 20 year lows, Nigeria’s oil minister for state Emmanuel Kachikwu said Thursday. “Most of the disruptions of production are as a result of the militancy activities,” said Kachikwu, speaking to reporters ahead of the OPEC ministerial meeting. “We expect to get back 300,000 b/d that was lost in the next month, potentially in July and the balance obviously by the end of August. We expect to get back to 2.2 million b/d by end-August.”