Nigeria’s crude oil production, including condensates and natural gas liquids, stood at 1.93mbpd or 59.83 million barrels in August 2019, according to the latest monthly economic report of the Central Bank of Nigeria (CBN).
In the report for August 2019, the aforementioned estimate represented an increase of 4.3 per cent, compared with the 1.85 mbpd or 57.35 million barrels produced in the preceding month.
The release of the data came just as the Chief Prosecutor at the ongoing trial of criminal suspects associated with the controversial Malabu oil deal, Francesco Greco, accused corporate organisations, including those in Nigeria, of investing in corruption to cripple local economy, thus fueling poverty and chaos.