Nigeria’s December oil output below fiscal projection | The Guardian Nigeria News

FILE PHOTO: The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudina

Production of Qua Iboe – Nigeria’s largest export grade and popular among refiners globally, with Canada, India, Indonesia, Italy, the Netherlands, Spain and the US, being regular buyers – averaged 49,946 b/d last month, compared with 159,225 b/d in November, DPR data showed.
Exports of Brass River were on force majeure from late November to mid-December, after a sabotage attack on an oil and gas pipeline.
Africa’s largest oil producer saw its output fall steadily in the second half of last year as it came under pressure to make hefty cuts as part of its OPEC+ obligations.

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