Related Articles
Forward article link
Share PDF with colleagues

Nigeria’s oil output still hampered

An exemption from Opec’s supply deal will mean nothing unless the unrest abates

Alongside Libya and Iran, Nigeria is to be exempt from Opec's proposed - though by no means finalised - supply cuts. It's the least the country's embattled oil and gas sector needs. But it also implies that Nigeria's output can rise to reclaim the loftier levels of 2.2m barrels a day targeted by state company Nigeria National Petroleum Corporation (NNPC). For now, that looks a distant hope. Output remains hamstrung by unrest, at around 1.5m b/d. Despite recent talks between the government and saboteurs in the Niger Delta, the violence continues. In response, so do president Muhammadu Buhari's pledges to crush the unrest. Nonetheless, Nigeria continues to lose its grip on wholesale theft o

Also in this section
Energy demand stayed low in 2016, as the fuel mix shifted towards cleaner energy sources
20 June 2017
China and India accounted for almost all the growth, says BP, and global emissions were flat for the second year in a row
The global oil-demand growth forecast for 2017 depends on a bumper Q4
15 June 2017
Either Q1-Q4 crude consumption will rise at its fastest pace since 2010, or the data are very wrong
The blockchain technology challenging the energy world
8 June 2017
As companies queue up to lend their financial support, the rise of this new innovation is unstoppable