Nigeria’s Oil Production Deficit Reaches 184.1 million Barrels.

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According to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria was only able to drill 284. 70 million barrels at the end of September; which is significantly less than the country’s projected oil production of 468. 8 million barrels in the first three quarters of 2022.

The government was only able to generate almost 60% of its overall forecast for the time; due to the disparity in oil output when compared to its oil benchmark of 1. 88 million barrels per day in the 2022 budget.

Nigeria’s oil industry problems have lately become worse, with output falling to a new record low of 937,000 barrels per day in September; after touching an earlier record low of 972,394 barrels per day in August.

Huge 3.545 million barrels were lost by the plant in July. However, by the end of October, some of the lines that had been idle because of severe harm by economic saboteurs will be back up.


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