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15

Nigeria Is Optimistic On Oil Production Growth

Nigeria will increase oil production

Nigeria's presidential adviser on petroleum said on Tuesday that his country will increase oil production by 10 percent, or 250,000 barrels per day before the end of the year.

"We are expecting between 200,000 and 250,000 barrels from the Bonga field before the end of the year," Edmund Daukoru told the state-run News Agency of Nigeria in Vienna.

"This will add up to our present production level of about 2.2 million barrels per day," he said.

Daukoru said Nigeria's production will increase by another 100,000 barrels next year from Akpo field located in the oil-rich Niger Delta offshore.

Nigeria is Africa's top oil exporter, and the majority of the oil is produced in the southern Niger Delta region.