commercial tung oil oil mill has a high oil rate in lagos

   
commercial tung oil oil mill has a high oil rate in lagos
                                               
                                               
                                               
                                               
  • commercial tung oil oil mill has a high oil rate in lagos
How much oil does Nigeria produce a day?

A paid subscription is required for full access. Nigeria¡¯s oil production amounted to some 1.5 million barrels per day in 2023, an increase when compared to the previous year. Between 1998 and 2022, figures decreased by approximately 480 thousand barrels per day.

How will Nigeria's new oil refinery project affect the oil industry?

Its construction will add considerable refining capacity to Nigeria¡¯s oil industry. Designed to process some 650,000 barrels of crude oil each day, this will increase Nigeria¡¯s existing refining capacity of 446,000 barrels per day considerably.

Is Nigeria losing 80% of its oil production to crude theft?

Industry observers indicate that the country is losing as much as 80% of its oil production to theft, though other analysts claim a figure around 60% is more accurate. According to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), in the first quarter of 2022, the country lost an estimated $1 billion in revenue to crude theft.

Will Lagos become the 11th oil producing state in Nigeria?

The discovery is subject to the authentication of the Department of Petroleum Resources (DPR), which is expected in two weeks. If certified and the partners produce the first barrel of oil, Lagos will become the 11th oil producing state in Nigeria, a club Anambra State joined recently.