News & Politics
Nigeria falls behind Angola in oil production
Nigeria has again lost its Africa’s top oil producer status to Angola after it regained it in November last year. OPEC, in its Monthly Oil Market Report for February 2017, which was released on Monday, put crude oil production from Nigeria at 1.604 million barrels per day in January, up from 1.37 million barrels per […]
Nigeria has again lost its Africa’s top oil producer status to Angola after it regained it in November last year.
OPEC, in its Monthly Oil Market Report for February 2017, which was released on Monday, put crude oil production from Nigeria at 1.604 million barrels per day in January, up from 1.37 million barrels per day in the previous month, based on direct communication.
Production from Angola stood at 1.615 million barrels per day in January, down from the 1.639 million barrels per day it closed at last year.
“Crude oil output decreased the most in Saudi Arabia, Iraq and the United Arab Emirates, while production in Nigeria, Libya and Iran increased,” OPEC said.
Source: NAIJ
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