Nigeria
wants its OPEC oil quota revised upwards to around 2 million barrels per day
(bpd), the level it was at before militancy in the Niger Delta curbed its
output in recent years, the oil minister told reporters on Friday.
"When
the quota restrictions were put in place was at the height of the militancy.
Now the amnesty is in place, the (production) levels are steadily
increasing," Deziani Allison-Madueke said in an interview in London.
She
said current output, including condensate, was around 2.5 million bpd and that
Nigeria could ramp up to 3 million bpd within 6-12 months if it were not for
the OPEC quota.
Jos, the Plateau state capital, boiled yet again recently leaving in the wake of it hundreds of lives lost and properties worth billions of Naira destroyed. A good number of those who survived crisis have been economically displaced and may have to start life all over again.
Comments (0 posted):