Nigeria Oil Output At Lowest In 25 Yrs -Official

Nigeria is pumping oil at its lowest level in 25 years, following militant rebel attacks on facilities in recent days operated by Royal Dutch Shell PLC (RDSB) and Chevron Corp. (CVX), a senior Nigerian oil official said Sunday.

Nigeria, which has in recent months been overtaken by Angola as Africa’s biggest oil producer, is now estimated to be producing oil at between 1.2 million and 1.5 million barrels a day, the oil official told Dow Jones Newswires, the lowest level since around 1983.

CNN