Will OPEC consider Nigeria for output cut as its production recovers?

0
15543

The last closed oil from Nigeria terminal again reached its export days just before the West African country talks OPEC – a potentially unpleasant for a country when it was excluded from the first round of cuts production. A second ship, the Orca Dense, arrived Monday at the Forcados terminal after the tanker Astro Perseus the first cargo loaded in seven months late last week.

It is expected that at least another tanker loaded with a cargo of Forcados this month. As a result, the export class was again able to keep the usual 200,000 to 240,000 barrels a day (bpd) in June, bringing Nigeria production to a level before the attacks during 2016 in 2016 militant attacks almost back tankers in the Niger Delta closed forcados All but a few weeks since the beginning of 2016 and the recovery of the relief agreed by the Organization of Petroleum Exporting Countries 1.8 million barrels per day of production cuts of the nation (OPEC) and other manufacturers.

The attacks, however, greatly decreased, this year to visit Nigerian vice president, Yemi Osinbajo in the Delta region and an almost threefold increase for a militant amnesty program in the household. Maintenance bonga oil field in March a flow of exports of more than 200,000 barrels per day, the Nigerian output remained below normal value for at least two months and closing the main export pipeline Qua Iboe.

But both normal are fleeing, with the oil production close to the level of 1.8 million bpd oil minister Emmanuel Ibe Kachikwu increase in January, which will boost its country production shortening oil producers. The recovery, which coincides to a minimum of six years with global disruptions, could put the pressure on Nigeria in cuts when agreement expansion in Vienna this week.