Nigeria’s oil production has risen to 2.1 million barrels a day (bpd) the managing director of state oil firm NNPC said on Tuesday, without giving an explanation for the increase.
“We are hoping that by the end of 2017 we should ramp up production to above 2.2 million barrels (per day),” Maikanti Baru told an oil conference in Abuja.
OPEC member Nigeria has given differing figures for its oil output in recent weeks.
Reuters quoted the Finance Minister Kemi Adeosun as saying on Thursday that production was 2.2 million bpd, without giving an explanation. Vice President Yemi Osinbajo had put output at between 1.7 million bpd and 1.8 million bpd last month.
Markets have been surprised by the reported rise because a major export pipeline carrying nearly 250,000 bpd, Forcados in the restive Niger Delta, has only been…
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