South Sudan sees oil production hitting 200,000 barrels per day by 2021
South Sudan’s oil production has reached 178,000 barrels per day (bpd), the oil ministry said on Wednesday and the country aims for output to reach 200,000 bpd within the next two years.
Oil production to begin in Ogoni by October
Amid resistance, crude oil production will commence in Ogoni area of OML 11, as the Presidency recently directed the Nigerian National Petroleum Corporation/Nigerian Petroleum Development Company (NPDC) to takeover operations from Shell.
Oil and local prosperity: A study of ‘two kingdoms’
Oil money in one community is used progressively. Oil money in another community is not used progressively leading to endless disputes, intrigues and lawsuits.
Nigeria surpasses Angola in production output
Angola, which is Nigeria’s rival in terms of crude oil production, surpassed Nigeria with over 200,000 bpd due to the renewed militancy in the Niger Delta, which led to drastic drop in the country’s out put.