Shell: Nigeria has Potential to Produce 4 Million Barrels of Oil Per Day

Oil and Gas Investing

Bloomberg reported that according to Royal Dutch Shell PLC’s VP, Ian Craig, Nigeria has the potential to produce as much as 4 million barrels of oil a day.

Bloomberg reported that according to Royal Dutch Shell PLC’s (NYSE:RDS.B) VP, Ian Craig, Nigeria has the potential to produce as much as 4 million barrels of oil a day.

As quoted in the market news:

Craig also said that as much as 150,000 barrels of crude a day is being stolen by oil thieves in the Niger Delta despite an amnesty deal for militants there.

Click here to read the full Bloomberg report.