Energy sector uptick helps Nigeria limp out of recession
Nigeria has calmed the unrest in the Niger Delta, boosting its gas production
11 September 2017
Work at Nigeria’s Greenville LNG plant. (Greenville LNG)
The recovery of Nigeria’s oil and gas industry has helped lift the country out of recession, according to Q2 data released by Nigeria’s National Bureau of Statistics.
Attacks by militants reduced Nigeria’s oil output to half of its normal rate during the worst peaks of violence in the summer of 2016.
But oil production is now around 2.2 million barrels per day and gas exports have also stabilised, according to media reports quoting Maikanti Baru , the managing director of state-owned Nigeria National Petroleum Corp. (NNPC).
“I...
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