Nigeria's crude production falls sharply: industry sources

Nigeria's crude oil production has fallen to about 1.2 million barrels per day (bpd) due to attacks against installations by militants in the Niger Delta, industry sources said Thursday.

"The situation is disastrous. It is high time they stopped damaging the pipelines," a top official of an international oil company operating in the country told AFP on condition of anonymity.

He estimated that Nigeria's current crude production was between 1.2 million bpd and 1.3 million, compared with 2.6 million bpd in 2006.

Click here for more on Nigeria's plunging oil production.

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