Nigeria, Angola Maintain Lead in Gulf of Guinea Oil Production
From Nigerian Tribune
Nigeria and Angola are still the two dominant producers of crude oil from the Gulf of Guinea region, according to Minister of Petroleum Resources, Mrs Diezani Alison-Madueke.
Alison-Madueke, who stated this, said out of the 15 countries in the Gulf of Guinea that produced about 5.4 million barrels (mbpd) crude oil per day, as at 2012, Nigeria and Angola accounted for 47 per cent and 34 per cent respectively with Nigeria ahead of all.
Acting Group General Manager, Public Affairs of the Nigerian National Petroleum Corporation (NNPC), Tumini Green, quoted the minister as saying that oil supply from the Gulf of Guinea in 2011 was equivalent to 27 per cent of European Union (EU) consumption and 29 per cent of total US petroleum consumption.
Alison-Madueke, however, stated that the production capacity of these countries was being threatened by the increasing insecurity in the Gulf of Guinea, which had also seen ceaseless cases of ship hijacks, unauthorised vessel boarding and kidnapping.
By posting your comment, you agree to abide by our Posting rules