Floods reduces Nigeria’s Crude Production by 500,000bpd
The recent floods in Nigeria has reduced the Crude Production by 500,000 barrel per day.
This was revealed by Mrs. Diezani Alison-Madueke just 10 days into the flood disaster which have disrupted socio-economic activities in most states of the country including the Niger Delta, did not have any adverse effect on the country’s crude oil production.
Alison-Madueke, who described the development as a national disaster, had insisted that key oil and gas installations in the Niger Delta were still intact and had not recorded any damaging effect from the floods so far. The flood has submerged many homes and villages including President Jonathan’s home.
Alison Madueke had said: “At this point in time, we have not received reports that any of our major installations are adversely affected but we are still taking reports as we speak and if the level continues to rise, we will find out what the impact will be, but as at now, we have no report to that effect.”
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Category: Business News in Nigeria
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