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Nigeria May exports expected to exceed OPEC output target

Posted on 09 April 2009

From Guardian.co.uk: Nigeria is unlikely to cut its crude oil production much further, even though it is exceeding its OPEC target, because the country’s weakening economy is overwhelmingly reliant on oil revenues.
Nigeria is expected to export 1.81 million barrels per day (bpd) in May, according to trade sources, far above its implied production target of 1.67 million bpd set by the Organization of the Petroleum Exporting Countries…..Full Article: Source


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