Shut-ins: Nigeria’s oil production declines 13.6% to 1.08mbpd

The latest production figure is a major setback for the government which has a production target of 1.69 million barrels per day in the 2023 budget.

The volume of production is also significantly lower than the 1.7 million barrels per day quota allocated to the country by the Organisation of Petroleum Exporting Countries (OPEC).

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