ANGOLA OVERTAKES NIGERIA AS AFRICA’S NUMBER ONE OIL PRODUCER
Latest monthly report from the Organisation of Petroleum Exporting
Countries, OPEC, indicates that Angola has overtaken Nigeria as the number one
oil producing country in Africa, making it the second time in four months that
the North African nation would overtake Nigeria’s crude oil production. According
to the latest OPEC report, Nigeria produced 1.677 million bpd in March, down
from 1.744 million barrels in February, while Angola oil output rose from 1.767
million bpd to 1.782 million.
Countries, OPEC, indicates that Angola has overtaken Nigeria as the number one
oil producing country in Africa, making it the second time in four months that
the North African nation would overtake Nigeria’s crude oil production. According
to the latest OPEC report, Nigeria produced 1.677 million bpd in March, down
from 1.744 million barrels in February, while Angola oil output rose from 1.767
million bpd to 1.782 million.
This was after Nigeria’s oil production fell by 67,000 barrels per day
(bpd) in March. Vandals had, in February, attacked the pipeline feeding
Forcados crude oil, one of Nigeria’s biggest export terminals. Forcados, which
has the capacity to export about 400,000 bpd, was scheduled to export some
249,000 barrels of oil per day in February and March.
(bpd) in March. Vandals had, in February, attacked the pipeline feeding
Forcados crude oil, one of Nigeria’s biggest export terminals. Forcados, which
has the capacity to export about 400,000 bpd, was scheduled to export some
249,000 barrels of oil per day in February and March.
Last November, the oil cartel’s statistics showed that Nigeria’s production
fell by 250,000, making it produce 1.607 million bpd, down from 1.812 million
bpd in October. However, Angola produced 1.722 million bpd as against the 1.607
million bpd the previous month.
fell by 250,000, making it produce 1.607 million bpd, down from 1.812 million
bpd in October. However, Angola produced 1.722 million bpd as against the 1.607
million bpd the previous month.
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