Nigerian Oil Production Per Day 2017 and Oil Refineries
The year was 1956, the day, January 15, the place, Oloibiri in the Niger delta region, crude oil was discovered by Shell-BP. The discovery of crude oil marked a change in the lives of Nigerians as the exportation of crude oil brought immense riches to the country. In 1958, Nigeria had risen to the ranks of oil producing countries.( Nigerian Oil Production Per Day )
After 1960, exploration rights were extended to other foreign companies in onshore and offshore areas. The production of crude oil began to rise to over 2 million barrels per day. Nigeria joined the Organisation of Petroleum Exporting Countries, (OPEC) in 1971 and established the Nigerian National Petroleum Company, NNPC in 1977.
Nigeria is the largest producer of crude oil in and the sixth largest oil producing country in the world with a maximum crude oil production capacity of about 2.5 million barrels per day as at 2004. Over the years, Nigeria’s oil producing capacity has risen and fallen, depending on a number of factors. Today oil production capacity has reduced to about 1.9 million barrels per day and effort is being made to bring up its capacity so as to ensure an increase in foreign exchange hence increase in revenue. Nigeria produces high value, low sulphur content, light crude oils like Antan Blend, Bonny Light, Bonny Medium, Brass Blend, Escravos Light, Forcados Blend, IMA, Odudu Blend, Pennington Light, Qua-Iboe Light and Ukpokiti.
So to those asking what is Nigeria ooil production per day 2017
Nigeria Oil Production Per Day is 1.9 million barrels per day
Nigeria once had four oil refineries, but currently has three refineries. Port Harcourt had two refineries which were built in 1965 and 1989 respectively. However, in 1993 they were merged into one, with a total capacity of 10.500 million mt/yr (Metric Tonne Per Year).
Oil Refineries in Nigeria
The three refineries are all owned by the Nigerian National Petroleum Company, NNPC. The refineries are listed below:
- Kaduna refinery in northern Nigeria has a capacity of 5.5 million mt/yr (110,000 b/d) and was built in 1980. A Lube Baseoil plant was added in 1982, and an LAB plant in 1987.
- Warri refinery in the south central region with a capacity of 6.2 million mt/yr (125,000 b/d) was built in 1978. A Carbon Black plant and a Polypropylene plant were added in 1986.
- Port Harcourt refinery in the southeast is made up of two refineries, built in 1965 and 1989. The Eleme Petrochemical plant, which was built adjacent to the Port Harcourt refinery in 1995, has a Polypropylene capacity of 80,000 mt/yr ,an Olefin production capacity of 483,000 mt/yr and a Polyethylene production capacity of 250,000 mt/yr.
There you have it on Nigeria Oil Production Per Day 2017 and Oil Refineries in Nigeria ( Govt. )”, share your thoughts and opinions with us through the comment box and like us on facebook.com/36fab
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