The Nigerian National Petroleum Corporation has decided to focus its attention on condensates production to compensate for lost revenue from oil exports due to the country’s commitment to the OPEC+ production cut deal. Nigerian daily This Day quoted the managing director of the NNPC as laying out this plan, and noting a boost in condensates production should help push revenues higher.
Whether condensates should be included in oil production figures when calculating OPEC’s production quotas has been a longstanding dispute. Nevertheless,…Nigerian Oil Major Focuses On Condensates To Offset OPEC Cuts
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