Kachikwu: Nigeria targets 1.8m barrels per day

Nigeria is targeting oil production of 1.8 million barrels per day by early next year but that will be the ceiling to comply with OPEC targets. Emmanuel Ibe Kachikwu also told reporters at an oil conference in Cape Town that oil prices were encouraging but OPEC, of which it is a member, was not ruling out further cuts. Nigeria currently produces 1.6 to 1.7 million barrels per day.

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