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Nigeria's oil production hits record low as new state administrator faces local opposition.
Nigeria's crude oil production hit a record low in March 2025, producing 1.603 million barrels per day, a drop of 68,000 barrels from February.
This decline coincided with the appointment of Vice Admiral Ibok Ete Ibas as the sole administrator of Rivers State, facing opposition from local residents.
Despite dropping oil reserves to 37.28 billion barrels, gas reserves rose to 210.54 trillion cubic feet.
The country aims to boost production but faces challenges like underinvestment and infrastructure issues.
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La producción petrolera de Nigeria alcanza un récord bajo cuando el nuevo administrador estatal enfrenta la oposición local.