June 14, 2006
With the recent militant attacks in Niger Delta, oil companies have been forced to halt operations in the region resulting in Nigeria losing a massive $40 million a day as 550 000 barrels of oil are not being produced.
By Martin Ayankola
Nigeria’s daily oil production will approach three million barrels per day (bpd) if the oil fields that were closed down in the wake of militant attacks on oil installations in the Niger Delta return to full operations, said the minister of state for petroleum and the Organisation of Petroleum Exporting Countries (Opec) president, Dr Edmund Daukoru.