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Militancy: Shell's Daily Output Drops to 140,000bpd
By Ejiofor Alike with agency report, 07.01.2009
Nigeria’s precarious budgetary situation seems to be getting worse despite the rising prices of crude oil at the international market as Shell Petroleum Development Company of Nigeria (SPDC) said yesterday its crude oil production had further dropped to 140,000 barrels per day (bpd). The current levels depict some 85.9 per cent drop from the 999,000 bpd SPDC Joint Venture produced in 2003. SPDC, t...
