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UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
Algeria is reported to have officially requested an increase in its Opec product ...
Algeria is reported to have officially requested an increase in its Opec production quota from the current 693,000 b/d. The country is capable of producing 1.1mn b/d. Nigeria is also planning to formally request an increased production quota in the near future, ending rumours that the country was contemplating pulling out of the oil export cartel. Reserves currently stand at 30bn barrels, a target achieved a year earlier than forecast. This figure is predicted to rise to 40bn barrels by 2010, with a production capacity of 4mn b/d. Nigeria also holds 159tn cf of gas reserves, placing it seventh in the world. Current gas production is 3.8bn cf/d, forecast to rise to 7.1bn cf/d by 2010.
News Item details
Region: Africa
Organisation: OPEC
Subjects: Information technology, Resource use and management, Planning and Design, Transportation of products, Oil, Reserves
