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ABU DHABI, Nov 13 (Reuters) - Nigeria is producing 1.6
million-1.7 million barrels per day (bpd) of crude oil, the
chief operating officer of the Nigerian National Petroleum Corp
said on Wednesday, adding that the country would continue to
comply with OPEC output cuts.
"The last quota put us at 1.7 million bpd and we are
committed to that threshold ... our current production with the
cuts is between 1.6 and 1.7 million barrels per day for
November," Roland Ewubare said on the margins of an oil
conference in the United Arab Emirates.
Nigeria's output of crude and condensate is at 2 million
bpd, he said.
The Organization of the Petroleum Exporting Countries had
granted Nigeria a higher output target under an OPEC-led deal to
limit supply following efforts by Africa's largest exporter to
tweak the agreement to accommodate its expanding oil industry.
Nigeria started participating in the deal this year, having
been granted an exemption from previous OPEC cuts due to
militant attacks that reduced the country's output.