OPEC: Angola, Libya Maintains Lead, Beats Nigeria In Oil Production – Report

Nwafo
Nwafo

By Munachimso Obienyi

For the second consecutive month, Angola and Libya have maintained their lead over Nigeria as Africa’s highest crude oil producers.

This is according to a report by the Organisation of the Petroleum Exporting Countries (OPEC) obtained by NwafoLive.

The report stated that Nigeria’s crude oil production in September averaged 1.087 million barrels per day.

The report added that 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 your vote

Share This Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.