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

Feb. 21, 2012 12:33PM PST

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.