"Nigeria has pledged to keep its oil production at 1.8 million barrels
daily after OPEC asked it to join the cut efforts to bring down the
global inventory overhang. Yet independent local producers are eager to
boost their production by 250,000 bpd
by 2020. That’s part of a plan to bring Nigeria’s total to 2.5 million
barrels daily. At such low production costs, the urge to expand
production makes perfect sense."
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