{"id":462508,"date":"2018-10-04T16:03:10","date_gmt":"2018-10-04T15:03:10","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=462508"},"modified":"2018-10-04T16:03:10","modified_gmt":"2018-10-04T15:03:10","slug":"nigeria-expected-increase-in-oil-production-in-2019","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/10\/04\/nigeria-expected-increase-in-oil-production-in-2019\/","title":{"rendered":"Nigeria: expected increase in oil production in 2019"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>Nigeria&#8217;s state-owned petroleum company NNPC is targeting 2.3 million barrels a day in 2019, compared with 1.7 million currently, according to Malam Mele Kyari, head of crude oil marketing.<\/p>\n<p>According to the company, this is an objective &#8220;born of the willingness of the Organization of the Petroleum Exporting Countries (OPEC) to balance the market, since oil prices have reached their highest level in the world. four years &#8220;.<\/p>\n<p>Note that the fall in the price of a barrel, late 2014, had plunged the country into a recession that is not over, despite the improvement announced with the rise of prices.<\/p>\n<p>Africa&#8217;s leading oil producer, Nigeria has the continent&#8217;s largest crude oil reserves (37 billion barrels of proven oil, and 5,500 billion cubic meters of gas). But the exploitation of hydrocarbons represents only 10% of the national wealth, half of tax revenues against 90% of exports.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Nigeria&#8217;s state-owned petroleum company NNPC is targeting 2.3 million barrels a day in 2019, compared with 1.7 million currently, according to Malam Mele Kyari, head of crude oil marketing. According to the company, this is an objective &#8220;born of the willingness of the Organization of the Petroleum Exporting Countries (OPEC) to balance the market, since<\/p>\n","protected":false},"author":530746,"featured_media":462512,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12028],"tags":[38,14738],"class_list":{"0":"post-462508","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-energy","8":"tag-nigeria","9":"tag-oil","10":"post_format-post-format-aside","11":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigeria: expected increase in oil production in 2019 - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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