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Nigeria oil shortfall expected to last about six months
OPEC Secretary-General and Nigerian oil minister, Edmund M. Daukoru, gave his opening speech at the third OPEC international seminar in Vienna, where he said that Nigeria is losing about 872,000 barrels per day in oil production due to unrest, and most of the shortfall is expected to last about six months.
Production currently stands at 2.3 to 2.33 million barrels per day, Edmund Daukoru said, while commenting on the sidelines of the OPEC conference in Vienna. And in response to questions about the impact of recent attacks on installations, and on output of the world's sixth largest crude oil producer, he said that "872,000 barrels per day was being lost."
"Six hundred thousand of it is from Shell, and the rest of it spread between Italian oil company, Agip, and other lesser producers," he said. "The Shell part of it will come back in a big chunk, as soon as they fix an offshore loading platform. The rest is spread over a
umber of oilfields that will take a bit more time."
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