OPEC crude production rises in June led by gains in Nigeria

…Détente off as militants claim 5 more attacks over weekend
Oscarline Onwuemenyi
05 July 2016, Sweetcrude, Abuja – Organisation of Petroleum Exporting Countries, OPEC’s crude production increased in June as Nigeria raised output following repairs to some infrastructure that had been damaged by militant attacks.
Nigeria pumped an average 1.53 MMbpd last month, a gain of 90,000 bpd from May, according to a Bloomberg survey.

*OPEC oil production.

*OPEC oil production.

The Minister of State for Petroleum Resources, Dr. Emmanuel Kachikwu disclosed last week that country was able to repair some pipelines after agreeing a cease-fire with militants in the Niger Delta region.

On Sunday, however, the Niger Delta Avengers militant group claimed five more attacks on oil installations in the region.

The militant group said it carried out attacks on facilities operated by Chevron and the Nigerian Petroleum Development Company, NPDC.

It said it bombed an NNPC pipeline conveying crude to Warri refinery in Delta State on Friday night.

Between Saturday night and early Sunday morning, the group announced four more attacks against oil facilities. All the reported attacks happened in Delta State.

“At 11:26 p.m. on Saturday, @NDAvengers blow up (sic) two NPDC major crude trunk lines close to Batan Flow Station in Delta State.

“At 1:15 a.m. on Sunday, @NDAvengers blow (sic) up two major Chevron oil wells. Well 7 and Well 8 close to Abiteye Flow Station in Delta State,” the group said in tweets posted on its Twitter handle.

The group also said all the attacks were carried out by one “strike team.”

The NNPC, which owns the NPDC, has however said it is not aware of the attacks.

The NNPC Spokesman, Mr, Garba Deen Mohammed, the spokesman for NNPC, said the state-run oil corporation was not aware of any damage to its facilities in the region.

Meanwhile, production in Saudi Arabia, the world’s biggest crude exporter, rose to 10.33 MMbpd, a monthly gain of 70,000 bpd. The kingdom typically boosts output in summer months as it burns more crude to generate electricity to power air conditioners.

Libya boosted output in June by 40,000 bopd to 320,000. Exports were disrupted May after oil officials in the eastern portion of the divided nation blocked shipments from the port of Hariga. Shipments resumed from the port later that month and rival leaders of the nation’s National Oil Corp. reached an agreement on Sunday to reunify the state company under a single management.

Iraq posted the biggest decline, with production falling 70,000 bpd to 4.3 MMbpd. Iran’s output was stable at 3.5 MMbpd, ending a five-month run of output gains since the start of the year following the lifting of sanctions.

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