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Friday, June 20, 2008

Nigerian oil production has fallen

Nigerian oil production has now fallen to 1.8 million barrels a day following recent attacks on oil facilities by militants, local daily the Guardian reports Friday, citing the finance minister.

The Guardian quoted Remi Babalola, minister of state for finance, as saying in Abuja Thursday that with a forced oil cut through the destruction of pipelines by militants, Nigeria's production capacity has fallen to 1.8 million barrels a day from 2.4 million barrels a day.

Regards ,

Kamlesh Jogi

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