Nigeria’s struggling oil production is facing another crisis as the Eastern Exploration and Production Company (AEEPCO) shuts down its oil mining licence 29 in Nembe, Bayelsa State, over a crude oil leak. The facility operated under the NNPC/Aiteo Joint Venture, according to a release from Aiteo, was shut down on Monday this week following a leak detected during routine operations. While Nigeria’s oil production dropped further last month, far from the projected 1.78 million barrels per day for the 2024 budget, the prevailing development would further shrink the country’s earnings from oil production. Aiteo said AEEPCO’s Oil Spill and Emergency
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