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Nigeria ramping up output to meet August OPEC quota: Oil minister

June 25, 2022 Comments Off

Nigeria is increasing crude oil production and has set a target of August this year to meet its OPEC-assigned output quota, the country’s oil minister Timipre Sylva said June 24. Sylva also said the organization may not increase output quotas when it meets in August given that OPEC members facing tight production capacity. Nigerian crude oil output has plunged to…