UPI en Español  |   UPI Asia  |   About UPI  |   My Account
Search:
Go

OPEC confirms Nigerian oil decline

|
 
Published: Dec. 12, 2012 at 8:43 AM

VIENNA, Dec. 12 (UPI) -- Nigerian oil production has experienced a general decline for much of the year because of flooding, oil theft and sabotage, said OPEC.

Nigeria is among the top oil exporters in the region. The U.S. Energy Information Agency, however, reported recently that crude oil deliveries from Nigeria were down for the summer about 500,000 barrels compared to the same time last year.

Flooding in states in the oil-rich Niger Delta prompted Shell and French supermajor Total to hold back on exports from the country.

The Organization of Petroleum Exporting Countries reported that Nigerian crude oil production for November stood at around 1.85 million barrels per day, down from the 2.1 million bpd on average for last year.

"Nigerian crude production suffered from a combination of natural disasters, oil theft and sabotage to the oil infrastructure," OPEC stated in its December report.

The Guardian (Nigeria) newspaper this week reported that Nigerian President Goodluck Jonathan called on his top navy admiral to thwart rampant theft in the country's oil-producing regions.

Nigeria gets 75 percent of its revenues from oil. The country is the No. 7 oil producer among the 12-member OPEC cartel.

Topics: Goodluck Jonathan
Recommended Stories
© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
Join the conversation
Most Popular Collections
'Star Trek Into Darkness' screening NBC upfronts Met Ball 2013
'Great Gatsby' premieres in New York Spire raised on top of One WTC 2013: Celebrity break ups and divorces
Additional Energy Resources Stories
1 of 16
Flags-In Ceremony at Arlington National Cemetery
View Caption
Staff Sgt. Jeffrey Roskos with the 3rd U.S. Infantry Regiment, "The Old Guard," participates in the annual Flags-In ceremony, May 23, 2013, at Arlington National Cemetery in Arlington, Virginia. Soldiers place American flags in front of more than 260,000 gravestones in the cemetery in honor of Memorial Day. UPI/Kevin Dietsch
fark
Over the last century Western nations lost an average of 14 IQ points. So, uh, immigration is bad?...
Nine things you as a f*cking asshole probably don't know about swear words
Working parents who leave the office early are getting away with an "unfair practice" and are "killing...
Well, hello there, friendly little shake, rattle and roll
Nine-year-old girl asks McDonald's CEO why he forces kids to eat at McDonald's. Oh, and her mother...
Powerful earthquake strikes eastern Russia, rousing Sarah Palin from her slumber