Eni says Nigerian oil output rises to 15,000 barrels per day in last month from almost zero

Italy’s Eni has increased its Nigerian crude output to 15,000 barrels per day in the last month from almost zero, citing an improving security situation along major oil pipelines, the head of sub-Saharan African region Mario Bello said on Tuesday.

Nigeria has been battling with crude theft and insecurity in its oil producing region which has slashed oil output and government revenues.

“At a point we were producing almost nothing but today, with the improved security situation along the pipelines, we are able to produce and export about 15,000 barrels (per day) of crude oil,” Bello said in Abuja.

“If this trend continues, we will be able to reach our 30,000 barrels crude oil production,” he said during a visit to Nigeria’s minister of state for petroleum Timipre Sylva.
Source: Reuters