African Oil Output Increasing

Tuesday, May 15, 2001

Most African oil producers are projected to increase production over the next three years, except Egypt and Gabon. The strongest increase is projected in Nigeria, where production is expected to reach 2.9 mbd in 2003, up from 2.2 mbd in 2001. N African net oil production is projected to increase by 0.2 mbd and W African by 1.2 mbd, over the period. - Intertanko

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