Related Articles
Forward article link
Share PDF with colleagues

Nigerian output recovery still distant

As export routes remain blocked, local producers get creative

Nigeria's government, committed to a crack-down on corruption in the oil and gas industry, is still struggling to find a long-term solution to unrest in the Niger Delta and restore production to former levels. It is forcing producers to seek alternative routes to get their oil to market. The government talks an expansive game for the future. Petroleum minister Ibe Kachikwu says the target is to eliminate militancy on the Niger Delta by mid-2017 and lift production to 3m barrels a day. Yet despite its exemption from the Opec cuts, that seems a long way off. Nigeria isn't even nearing its notional maximum output capacity of around 2.2m b/d-a level the government has repeatedly said is attaina

Also in this section
US oil sanctions on Venezuela would escalate crisis
21 July 2017
As Donald Trump threatens to introduce measures against the South American nation's exports, the outcome could be ruinous for all concerned
Nigeria looking up
17 July 2017
Long-awaited legislative progress, peace in the Delta and some astute political management are creating optimism in the country's energy sector
Iraq starts to get grip on security
12 July 2017
Career diplomat Sir Jeremy Greenstock, now chairman of London-based Gatehouse Advisory Partners and of Lambert Energy Advisory, is optimistic about Iraq's future