Nigerian oil output to rise to 2.2 mbpd in June

Omkar Godbole FXStreet Contributor

The CEO of Nigerian oil company Oando says the national output will rise to 2.2 million barrels per day as the twice-attacked Forcados pipeline is expected to return to full capacity by the end of June.

"We think that the worst is behind us," he said. "Before the end of June, we will have Forcados back, which would take us comfortably back to 2.2 million bpd."

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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