According to estimates released Thursday by the Nigerian oil ministry, the country’s oil production rebounded to 2.07 million b/d in April this year, after it slipped to 2.02 million b/d in the preceding month, Platts reports.
The ministry figures showed that oil production including condensates averaged 2,069,784 b/d in April, up from March and about 11% higher than 1.85 million b/d for April last year. Nigeria has continued to ramp up production following the lull in militancy in the country’s main oil-producing Niger Delta region.
However, after several months of steady growth, output slipped in March, which industry officials attributed to pockets of illegal tapping into pipelines in the delta. A spokesman for the oil ministry said Thursday Nigeria remained on track to meet the oil production target of 2.3 million b/d for this year’s budget.
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