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OPEC’s possible cuts to keep oil prices above the budget level in Nigeria

Although analysts see the price of the Brent crude international oil benchmark ranging from $59 to $70 per barrel in 2020, based on varying projections for supply, global demand and whether OPEC’s latest production cut deal will see full compliance from member states, Nigeria is hoping to remain above the $57 benchmark for oil prices.

NLNG Train 7 set to increase gas production by 35%

Following the closure of ECA's bank and export credit agency last week, Nigeria LNG Limited, NLNG, updated its Final Investment Decision, FID, for its Train 7 Project, with a planned 35 percent increase in production, while at the same time increasing its global competitiveness in the LNG sector.

NNPC records over 50% surplus in September’s oil exports

The Nigerian National Petroleum Corporation (NNPC) has announced crude oil and gas export sales of $355.9 million in September 2019, which indicates a significant increase of 52.8 percent, compared to the previous month figure of $232.9 million.
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