Nigeria Oil Output Seen Steady in 2013

From Business Day Live

By Emma Farge

NIGERIA, Africa’s largest oil exporter, is currently producing around 2.4-million to 2.5-million barrels per day and output should remain at similar levels next year, the oil minister said on Wednesday.

A major fire at a Shell facility, an Exxon spill and severe flooding cut oil output by up to a fifth in October and November, and caused lengthy delays to exports.

Diezani Alison-Madueke told reporters during a meeting of the Organisation of the Petroleum Exporting Countries (Opec) in Vienna that production had since recovered and should remain at current levels.

“I expect it at least to stabilise (next year). The problems have been flooding and bunkering and some vandalism which have disrupted pipeline services,” she said.

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