https://www.accessbankplc.com/ https://www.accessbankplc.com/ https://www.accessbankplc.com/
ADVERTISEMENT
  • About Us
  • Privacy Policy
  • Contact Us
Monday, May 19, 2025
The Genius Media
  • Login
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports
No Result
View All Result
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports
No Result
View All Result
The Genius Media
No Result
View All Result
First Bank Ad First Bank Ad First Bank Ad

Barkindo – Nigeria will not exceed oil production

Tgmedia by Tgmedia
July 24, 2017
in Energy
0

Mohammad Barkindo ,  OPEC Secretary-General  said on Monday Nigeria has no intention of going beyond its oil production target of 1.8 million barrels per day (bpd) until the end of March 2018.

Barkindo made this known at the opening of the fourth Joint OPEC-non-OPEC Ministerial Monitoring Committee (JMMC) in St. Petersburg, Russia.

He also said Libya has an output target of 1.25 million bpd by December, but it remains a target given the challenges the country faces.

NAN reports that OPEC and some non-OPEC states including Russia agreed in 2016 to cut production by 1.8 million barrels per day (bpd) in a deal that has been extended to March 2018.

NAN reports that Saudi Energy Minister Khalid al-Falih said that OPEC 10 other major oil producers remained supportive of conflict-torn Libya and Nigeria as they attempt to recover and increase crude production.

“Libya and Nigeria, both of which are exempt from our agreement [on oil output cuts] … of course, we remain supportive of our brothers and partners in both nations as they work on the recovery of their oil industries and their economies,” he said.

He said the market had faced pressure in recent weeks due to weaker OPEC compliance with cuts and rising production from Libya and Nigeria, which have been exempt from the reductions.(NAN)

Share this:

  • WhatsApp
  • Email
  • Tweet
  • Telegram

Like this:

Like Loading...
Previous Post

SOCIAL MEDIA REGULATION : federal Government Sets Up Council On Information

Next Post

Buhari ‘could return within two weeks’

Related Posts

Energy

El-Rufai : I’m Praying For Nigeria’s Oil To Dry Up

September 10, 2017
Fuel Price Hike
Energy

Civil Servants Seek Salary Increase Over Fuel Price Hike

July 30, 2022
Energy

Wärtsilä To Supply BUA Cement Factory With LNG Power Plant In Sokoto

April 23, 2019
Next Post

Buhari 'could return within two weeks'

ADVERTISEMENT

About Us

Thegenius Media.com.ng is an Online Nigerian NEWS HUB with good coverage and reportage of Exclusive Stories, Daily News Updates, Politics, Entertainment, Crime, Lifestyle, Relationship Tips and Sports.

RELEVANT PAGES

  • About Us
  • Privacy Policy
  • Contact Us

Alert Us

Important Press Releases, Breaking Stories, Special Investigations: thegeniusmedia1@gmail.com

Office Address

No 26 Oroleye Crescent off Abel Oreniyi Street.
Off Salvation Road, Opebi
Ikeja, Lagos

Tel:

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports

© TheGeniusMedia.com,ng

%d bloggers like this: