Nigeria’s crude oil and condensate output rose to an average of 1.69 million barrels per day in October, marking a 5.7 % increase on the same month last year, the latest figures show.
The data, reported by Punch Nigeria, indicates a steady climb in production after a period of volatility in the country’s oil sector. The uptick comes as the nation continues to expand its offshore and onshore drilling activities.
With 1.69 million barrels per day, Nigeria remains Africa’s largest oil producer, supplying a significant portion of the continent’s petroleum demand and contributing heavily to the country’s economy.
Industry analysts note that the year‑on‑year growth reflects improved operational efficiencies and the successful execution of new drilling projects across several basins.
For further details, readers can consult the full report on Punch Nigeria’s website.
<small>Source: Punch Nigeria — read the original story there.</small>