Nigeria’s crude oil over-subscribed, says NNPC

The Nigerian National Petroleum Corporation has said the demand for the nation’s crude oil outstrips the current supply. Last year, Nigeria saw a resurgence of militant attacks in the Niger Delta that caused the nation’s oil production to plummet to a near 30-year low of 1.4 million barrels per day from about 2.2 million bpd.…

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