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, Mallam Mele Kiyari also said Nigeria remained committed to the OPEC+ deal saying production caps were in the best interest of global oil markets, This Day reports. He added that he hoped demand would start to recover by the end of this year to allow for a modest increase in crude oil production. The biggest oil exporter in Africa and one of OPEC’s biggest producers has been struggling […]