Nigeria struggles to meet Opec quota

Persisting unrest and violence in Nigeria’s Niger Delta is preventing the African oil producer from meeting its Opec output quota, a senior Nigerian oil ministry official said today.

Opec has set Nigeria an implied production target of 1.67 million barrels per day that came into effect on 1 January.

“The problem is with the Niger Delta location. We have not been able to meet Opec obligations,” Femi Olayisade, Permanent Secretary in Nigeria’s Ministry of Petroleum Resources, told Reuters on the sidelines of an oil conference in Trinidad and Tobago.

Militants in the restive oil-producing Niger Delta have for several years been attacking energy installations there and also often kidnap foreign oil workers.

Upsream Online