Nigeria’s Oil Production Falls By 10.25%

Nigeria’s total crude oil and condensate production from January to October, 2020, fell by 10.25 per cent when compared to similar period in 2019, latest data from the Nigerian National Petroleum Corporation (NNPC), has shown.
Data contained in the NNPC monthly financial and operational report for November, 2020, showed that for the eight months period, total oil and condensate production for January to October, 2020, was 553.59million barrels.
The figure for January to October, 2019, was 616.87million barrels.
The report also revealed that production in September, 2020, was 47.82million barrels, a 23 per cent decline from the 62.10 million barrels produced in September, 2019.
The data also showed that oil and condensate production for August, 2020, was 51.15million barrels, a drop of 20.87 per cent when compared to 64.64million barrels produced in August, 2019.
For July, 2020, production fell by 21.57 per cent to 51.26million barrels, compared to 65.36million barrels recorded in July, 2019.
Also, oil and condensate production fell by 19.29 per cent in June 2020 to 50.26million barrels compared to 62.72million produced in June, 2019.