Nigeria’s crude account held $2.31 bln as of Sept 22 as output hovers around 1.8bln bpd

0
908

ABUJA, Sept 28 – Nigeria’s excess crude account stood at $2.310 billion as of Sept. 22, the finance minister said on Thursday, slightly lower than a year earlier despite a recovery in production.

The figure, given by Finance Minister Kemi Adeosun according to a government statement, fell from $2.453 billion on the same date last year.

Militant attacks on oil facilities last year reduced Nigeria’s crude production by as much as a third.

Output has largely recovered since then, with production now hovering around 1.8 billion barrels per day. (Reporting by Felix Onuah; Writing by Paul Carsten; Editing by Hugh Lawson)

This site uses Akismet to reduce spam. Learn how your comment data is processed.