Nigerian oil supply to rise despite political risks in 2010

Nigeria has consistently fallen short of production expectations over the last five years due to political instability and frequent attacks on oil facilities. However, 2010 maybe the year of recovery for this country’s market, say analysts, because despite ongoing geo-political risks, Nigeria has shown an uptick in output in the first two months of 2010.

While Shell has voiced concerns that Nigerian oil production has descended in to continual fall, with no signs of appreciation, other major ene