Thursday 19 November 2015

NIGERIA'S OIL OUTPUT MAY FALL BY 2017

Nigeria's Oil Output May Fall by 2017Nigeria's oil output could drop by as much as 15 per cent in 2017 unless the government attracts more investment and resolves cash shortages at state oil firms, a senior Moody's analyst said on Wednesday.

Africa's biggest economy produces about 2.1 million barrels per day of oil with foreign and local companies through production sharing contracts and joint ventures.
 

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