In-spite of the
accelerated unrest by militants in the Niger Delta, Nigeria’s oil output increased last Month.
Agency report
attributed the increase to the quick repairs of infrastructure that had been
damaged by militant attacks.
An average of 1.53 million barrels a day was
pumped in June, up about 90,000 barrels of crude a day from May.
But that rise
in output still fell short of the budget estimate which was bench-marked at 2.2
million barrels a day.
Also, oil price declined which eroded the gain achieved in crude production.
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