Tue, 01 May 2012 10:25:46 GMT
Nigeria is set to increase oil output to 4 million barrels per day by 2020
Nigeria is expected to almost double its oil output by 2020, according to Diezani Alison-Madueke, Nigeria's Petroleum Minister. By expanding the current capacity by 1 million barrels per day, Nigeria will be capable to contribute significantly to world's oil supply, he stated. The minister also suggested increasing current oil reserves from 37 billion barrels to 40 billion barrels.