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Nigeria’s crude output drops to 1.25mbpd in May

Data by the Organisation of the Petroleum Exporting Countries shows that crude oil output in Nigeria fell by 30,000 barrels to 1.25 million barrels per day in May. Meanwhile, the Nigerian National Petroleum Company Limited signed a Project Development Agreement with Golar LNG for the deployment of a Floating Liquefied Natural Gas in offshore Nigeria and hopes to achieve a final investment decision before December this year. Chinnan Dikwal, the Vice Chair at the African Energy Council, joins CNBC Africa to unpack these developments.
Tue, 11 Jun 2024 14:46:08 GMT