ABUJA (Reuters) – Nigeria is working to meet its OPEC oil production quota of 1.8 million barrels per day by the end of May next year, the minister for petroleum resources Timipre Sylva said on Monday.
Sylva said Nigeria had enough production capacity, but crude theft and vandalism of pipelines meant that “a lot of producers decided not to inject into the pipelines because they were losing a lot of their production.”
“Once we are able to build enough confidence in the security of the pipelines, they (producers) will then be able to inject into the pipelines once again and once that happens, we will be able to meet up with our OPEC quotas,” he said.
(Reporting by Camillus Eboh, writing by MacDonald Dzirutwe; editing by David Evans)
