Arab Today, arab today nigeria aims to increase oil capacity to bpd
Last Updated : GMT 12:48:35
Arab Today, arab today
Arab Today, arab today

Nigeria aims to increase oil capacity to bpd

Arab Today, arab today

Arab Today, arab today Nigeria aims to increase oil capacity to bpd

Washington - Bloomberg

Nigeria plans to increase crude oil production capacity to four million barrels a day by 2020 and expand its reserves to 40 billion barrels, Petroleum Minister Diezani Alison-Madueke said. Africa\'s largest oil producer also aims \"in the years ahead\" to boost output of liquefied natural gas by another 20 million metric tonnes a year from the current level of 26 million tonnes, she said in a speech delivered at Howard University in Washington, Levi Ajuonuma, a ministry spokesman, said Friday. Nigeria pumped 2.1 million barrels a day of oil in April, according to data compiled by Bloomberg. Oil reserves currently stand at an estimated 37 billion barrels and its gas reserves are estimated at 187 trillion cubic feet, Ajuonuma said. \"With expansion of cap-acity by almost one million barrels per day over the next few years, Nigeria can significantly contribute to global supply additions and diversification, thereby alleviating the challenge of supply concentration around the Middle East,\" she said. Attacks by militant groups in the Niger Delta cut crude output by more than 28 per cent between 2006 and 2009, according to data compiled by Bloomberg. Disruption eased after thousands of fighters, seeking a greater share of oil revenue for the region\'s inhabitants, laid down their weapons and accepted an official amnesty. Nigeria\'s Movement for the Emancipation of the Niger Delta refuses to disarm, saying the government hasn\'t met its demands for control of the delta\'s oil.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nigeria aims to increase oil capacity to bpd Arab Today, arab today nigeria aims to increase oil capacity to bpd

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nigeria aims to increase oil capacity to bpd Arab Today, arab today nigeria aims to increase oil capacity to bpd

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan

GMT 06:08 2017 Sunday ,18 June

Lower oil prices set to test US shale driller

GMT 05:10 2017 Wednesday ,14 June

Oil prices edge down

GMT 05:22 2017 Tuesday ,13 June

Oil rises as investors buy into US crude

GMT 15:11 2017 Saturday ,10 June

Oil prices steady despite supply glut

GMT 14:28 2017 Sunday ,04 June

Kuwait oil price down 52 cents to USD47.83 pb
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday