For the fourth time this year, Nigeria again failed to meet the oil production quota allocated to member countries by the Organisation of Petroleum Exporting Countries (OPEC) in April, IgbereTV reports
In a report released by OPEC on Monday, the oil cartel said Nigeria produced 1 .39 million barrels per day as against the expected 1.735 mb/d.
What this means is that Nigeria’s oil production plunged by 40,000 barrels per day, translating to 1.2 mb/d during the period.
Nigeria missed its oil production target for January after pumping 1.399 mb/d against the 1.683 mb/d approved by OPEC.
The country produced 1.258mb/d and 1.238 mb/d in February and March respectively
