Highlights Disruptions, declines, and underinvestment dominate oil sector Country’s key oil infrastructure hamstrung by operational issues Rising security threats add to anxiety among oil companies Nigeria’s oil production outlook is under tremendous pressure, as technical and operational issues along with mounting security concerns are likely to persist over the short term, industry sources and analysts said Nov. 22. Many of the country’s key oil fields, terminals and facilities have bene simultaneously experiencing teething problems and a recent resurgence in attacks on Nigeria’s oil facilities have exacerbated the situation. “Nigeria may drop further in status as Africa’s biggest producer if the government does not urgently address the situation,” Abiodun Adesanya, the CEO of Lagos-based oil consultancy Degeconek told S&P Global Platts. “Already the country has fallen behind Libya in terms of output.” Nigeria has the capacity […]