Nigeria will raise its crude oil production to 1.8 million bpd in 2019 from around 1.6 million bpd currently, the head of the Nigerian National Petroleum Corporation (NNPC) told Reuters on Tuesday. The African OPEC member also aims to increase its production of condensate—a type of ultra light oil—to 500,000 bpd next year from 400,000 bpd now, NNPC Group Managing Director Maikanti Baru said. The Nigerian state-controlled oil company also expects to sign this month agreements with various consortia to help it overhaul the old and inefficient oil refineries in the country, Baru told Reuters. Following a wave of militant violence in 2016 and early 2017, Nigeria’s oil production started to recover in the latter half of 2017, when attacks on oil infrastructure subsided. This year, after some hiccups and pipeline outages during the spring and early summer, Nigeria’s crude oil production was on the rise in August and […]