IEA Cuts Nigeria's Sustainable Oil Output Capacity

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - LONDON. The International Energy Agency (IEA) has cut Nigeria's sustainable oil output by about 200.000 barrels per day (bpd). The agency said its July report, on the back of persistent technical issues and sabotage.

The IEA estimates Nigeria's new sustainable capacity at around 1,3 million bpd. The West African country's output has been steadily declining since 2019, in part due to the pandemic-related output cuts.