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Nigeria Produced 1.43m bpd of Crude/Condensate May

OIL

Nigeria produced 1.43m bpd of crude oil and condensates in May, up from 1.25m bpd in April according to upstream petroleum regulatory commission figures.

  • Bonny 3.73m bbl vs 3m bbl
  • Qua Iboe 4.1m bbl vs 1.97m bbl
  • Forcados 7m bbl vs 5.78m bbl
  • Escravos 4.78m bbl vs 3.97m bbl
  • Erha 2.3m bbl vs 1.04m bbl
  • Nigeria was reported to be dealing with a glut of unsold crude cargoes for July as a result of a government request to collect back taxes from shipping companies which has put off buyers.

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