Angola and Libya have for the second consecutive month maintained their lead over Nigeria as Africa’s highest crude oil producers, a report by the Organisation of the Petroleum Exporting Countries (OPEC) has shown.
OPEC stated this in its Oil Market Report for the month, which was obtained by the News Agency of Nigeria (NAN) yesterday in Lagos. According to the report, Nigeria’s crude oil production in September averaged 1.087 million barrels per day. The report said the figure showed an increase of about 30,000mb/d when compared to the 1.057mb/d produced averagely in August.
However, like the preceding month, the report said Angola remained Africa’s highest crude oil producer for the month under review with an average production of 1.184mb/d. It said Libya’s crude oil production also averaged 1.152mb/d in September.
“According to secondary sources, total OPEC-13 crude oil production averaged 29.77 mb/d in September, higher by 146,000 barrels per day month-on-month. “Crude oil output increased mainly in Saudi Arabia, Nigeria, Libya and the UAE, while production in Iraq, Venezuela and IR Iran declined,” the report said.
Leave a Reply