Nigeria oil shortfall expected to last about six months

VIENNA (AFP) – Nigeria is losing about 872,000 barrels per day in oil production due to unrest and most of the shortfall is expected to last about six months, the west African country’s oil minister has said.

Production currently stands at 2.3 to 2.33 million barrels per day, Edmund Daukoru said Wednesday on the sidelines of an OPEC conference in Vienna.

In response to a question about the impact of recent attacks on installations on output of the world’s sixth largest crude oil, Daukoru told reporters: “872,000 barrels per day shortening as of yesterday.”

“Six hundred (thousand) of it is from Shell, the rest of it spread between (Italian oil company) Agip and other lesser producers,” he said.

AFP