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Nigeria’s output grows after ceasefire in Niger Delta



Oil production in the country rose from 1.57 to 1.75 million barrels per day in three weeks.



22.Sep.16 1:58 PM
By Alesya Davydova
Photo Toinnov.com

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Nigeria’s output grows after ceasefire in Niger Delta

Oil production in Nigeria has risen from 1.57 to 1.75 million barrels per day in three weeks, Oilprice.com informs citing new data released by Oil Minister Ibe Kachukwu. He supposes that the increase is caused by the ceasefire negotiated between the government and the separatist Niger Delta Avengers earlier in September.

The minister Kachukwu supposes that the country’s government has a chance to get back to the level of oil production of two million barrels per day if the peace in the region remains. Meanwhile Nigerian energy majors such as Seven Energy have claimed millions of dollars in lost revenue as a result of militant activity.

Earlier this week it was said that Nigerian authorities are suing the country’s leading oil companies for $12.7 billion of crude oil that are told to have been illegally exported to the United States between 2011 and 2014. After audits it was found out that some shiploads registered less when they left Nigeria and more on reaching the U.S. and some entire shiploads to the United States were not declared in Nigeria at all.




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