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Top 10 National Oil Companies by production

by Matthew Scotland on May 14, 2009

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A Kuwait Oil Company oil rig on the border with Iraq. (Getty Images)

8. Nigerian National Petroleum Corporation (Nigeria)

Despite conflict in the Niger Delta region of Nigeria since 1990 over the exploitation of locals by foreign oil companies, Nigeria has still managed to maintain high levels of production, with over 50% of its exports destined for the US. The Nigerian National Petroleum Corporation (NNPC) was founded in 1977, and manages the existing JVs in the country with the likes of Shell, ExxonMobil, Agip, Total and Chevron.

Production stands in the region of 2.17 million bpd, however, the EIA contests that this may be significantly higher had it not been for persistent attacks on infrastructure, resulting in shut-in production and forcing foreign companies into declaring force majeure on oil shipments.

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nidhi (Oct 14, 2009) India

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