Oil and Gas

Nigeria expects to comply with 1.412 mln bpd output quota -Timpire Sylva

Nigeria expects to comply with an oil output quota of 1.412 million barrels per day for May, June and July, the minister of state for petroleum resources, Mr Timpire Silva said on Thursday.

Timpire Sylva made the comments during a webinar organised by Nigerian oil company Seplat.

OPEC countries and allies led by Russia, known as OPEC+, have agreed to reduce output in the face of the coronavirus crisis which has reduced global demand by a third.
Reuters

About the author

Joseph Chukwuma Oputa

Joseph Chukwuma Oputa is the Managing Editor of Maslow Businessnews and Physicians News publications published by Maslow Business News Publications, Lagos, Nigeria.

Joseph Oputa is a proud Alumnus of the prestigious Nigerian Institute of Journalism, Lagos and Federal Polytechnic, Bida, Niger State.

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