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Amnesty brings Nigeria within OPEC quota

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Published: Aug. 27, 2009 at 11:10 AM
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ABUJA, Nigeria, Aug. 27 (UPI) -- With the onset of a government amnesty program for Niger Delta militants, oil production in Nigeria reached 1.7 million barrels per day, the oil minister said.

Nigerian Petroleum Minister Rilwanu Lukman said oil production for his country was in line with its quota obligations to the Organization of Petroleum Exporting Countries, Nigerian newspaper The Guardian reports.

Lukman told reporters that national oil reserves were more than 35 million barrels, with a target set for 40 million.

"We presently have oil reserve of 37 billion barrels," he cheered.

He attributed the rise in oil production to a government amnesty program for Niger Delta militants, saying output sunk to 1.2 million bpd at the height of militant activity.

The government said it collected more than 100,000 rounds of ammunition and hundreds of weapons when around 5,000 militants took advantage of the amnesty program that began earlier in August.

Missing from the amnesty is the Movement for the Emancipation of the Niger Delta, the main militant group, which criticized the offer as a political maneuver.

Lukman, meanwhile, said Nigerian production capacity could break 3 million bpd, but its obligations to OPEC limit that to 1.7 million bpd.

Topics: Rilwanu Lukman
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