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Nigeria’s Oil Production Declines to 1.25 Million Barrels Per Day

  • Oil production drops 12% since January, impacting economic recovery
  • Declines recorded across major oil-export terminals on the Atlantic coast

 

Abuja, Nigeria – Nigeria’s oil production fell to 1.25 million barrels per day in May, down 2.3% from the previous month, signalling potential delays in the country’s economic recovery, as oil remains a prime source of government revenue.

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