Nigeria aims to boost oil output in 2016

Oil

Nigeria is aiming to lift its oil production to an average of 2.4M b/d in 2016, up from 2.1M b/d in 2015, Reuters reports citing the head of the country' state-oil firm NNPC. �In contrast, the country's oil refineries are currently producing nothing, with Emmanuel Ibe Kachikwu noting that there was �zero performance� from Nigeria's refinery facilities in October.