9 June 2011
Nigerian National Petroleum Corporation, (NNPC), has announced that crude production at its upstream subsidiary, the Nigerian Petroleum Development Company, (NPDC) has increased from 60,000 barrels per day to 102,000 barrels of oil equivalent per day (90,000 barrels of oil per day plus 50 million standard cubic feet per day of natural gas sales).
This comes as the Organisation of Petroleum Exporting Countries (OPEC) failed to reach a formal decision on a production agreement at its 159th meeting in
, Wednesday. Vienna, Austria