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Nigeria Regains Its Position As Africa’s LARGEST Oil Exporting Country!!

Nigeria’s crude oil exports are set to achieve 1.84 million barrels for every day (bpd) in July, as indicated by PremiumTimes. The new figure is somewhat higher due to a recuperation in Forcados sends out, as indicated by the country’s loading programmes seen Wednesday.

 

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Forcados exports resumed at the end of May after a nearly complete shutdown since February 2016. Meanwhile, the grade’s operator, Shell’s local subsidiary SPDC, issued an initial June schedule of 197,000 bpd. It, however, increased the schedule to 252,000 bpd. .

By the resumption, Nigeria returns to the status of Africa’s largest oil exporter, a title it lost to Angola in 2016. The loss followed militant attacks on the nation’s oil infrastructure in the oil-rich Niger Delta region. Production has since improved, following peaceful negotiations with leaders from the region.

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Written by How Africa

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