Nigerian oil minister Emmanuel Ibe Kachikwu said on Thursday that the country’s oil production had fallen to 1.56 million barrels per day (bpd) due to persistent militant attacks.
In a speech in Lagos, he added that the attacks had reduced output by some 700,000 bpd. Four streams of oil, including the country’s largest, Qua Iboe, along with Bonny Light, Brass River and Forcados are currently under force majeure.
Reuters
