Nigeria: NBS - in 47 Years, Nigeria Produced 32.70bn Barrels of Oil Valued At N118.49tn

6 October 2017

Abuja — The National Bureau of Statistics (NBS) has disclosed that petroleum statistics on crude oil production and refining reflected that a total of 32.70 billion barrels of crude oil valued at N118.49 trillion were produced between 1961 and 2014, a period of 47 years.

The highest barrels of crude production was recorded in 2005 with 918.66 million barrels valued at N6.14 billion, while the lowest was recorded in 1961 with 16.80 million barrels valued at N18.73 million.

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