Nigeria targets oil output of 2.1 mln bpd in Jan

PUBLISHED: Wed, 07 Dec 2016 13:15:41 GMT

Nigeria hopes to boost its oil production to 2.1 million barrels per day next month, the country’s oil minister Emmanuel Ibe Kachikwu said on Wednesday.

Kachikwu also said he was expecting more production cuts from non-OPEC producers at Saturday’s meeting of oil producers in Vienna, and that he hoped to see oil prices at $60 a barrel by December 2017.

Kachikwu was speaking at a Bloomberg Markets summit in Abu Dhabi.

Nigeria’s output is at 1.9 million bpd with all three of its main fields online, the minister said on Monday.

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