Nigerian Crude Oil Production Drops Due to Trans Niger Pipeline Issues

Naira Free Fall Nigerias crude oil sales should be in
Naira Free Fall Nigerias crude oil sales should be in

The Nigerian government has attributed the recent drop in crude oil production to maintenance activities and issues on the Trans Niger Pipeline. Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, addressed concerns in a statement released by his Media Aide, Nneamaka Okafor.

Lokpobiri assured Nigerians that measures are being taken to not only restore production to previous levels but also increase it. The reported production shortfall in March, dropping to 1.23 million barrels per day from 1.32 million bpd in February, was mainly due to problems on the Trans Niger Pipeline and maintenance activities by oil companies in Nigeria.

The Minister confirmed that the issues have been resolved, and production is expected to return to normal levels in the coming days. Additionally, the Organization of Petroleum Exporting Countries (OPEC) reported that Libya surpassed Nigeria as Africa’s largest crude production country in March.

The Nigerian government is working diligently to address the challenges faced in the oil sector and ensure a stable and sustainable production level. Stay tuned for updates on the country’s oil production and industry developments.

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