OPEC approves 1,718,000b/d for Nigeria

The Organisation of Petroleum Exporting Countries (OPEC) has approved 1,718,000 barrels per day for Nigeria.

The Organisation of Petroleum Exporting Countries (OPEC) has approved 1,718,000 barrels per day for Nigeria.

It gave Angola 1,435,000 barrels per day production quota.

Saudi Arabia and Russia top the list with 10,331,000 barrels per day.

According to the statement, the organisation has reviewed its production to 41,294,000 barrels per day.

While 10 OPEC nations are expected to produce 25,061,000 barrels per day, the non-OPEC countries have approval for 16,233,000 barrels per day.

The production quota is effective from March 2022, according to the organisation’s press release dated February 2nd, 2022.

Total
0
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts