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Nigeria, others to boost OPEC’s rising NGL, non-conventional oil supply

…supply to reach 5.36m bpd in 2011 OPEC production of natural gas liquids (NGL) and non-conventional oils is forecast to surge by 490,000 barrels per day (bpd) this year and 530,000 bpd next year, the group said on Thursday. Output of NGLs and non-conventional oils has grown rapidly among members of the Organisation of the Petroleum Exporting Countries (OPEC), largely because it is not subject to the limits on standard crude oil output set for 11 of the group’s 12 members. Non-conventional ...
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Added July 15, 2010
from Businessday Nigeria