With daily production exceeding one million barrels, Angola and Libya surpass Nigeria as Africa’s top oil producers.
Angola and Libya have surpassed Nigeria as Africa’s top oil producers, according to the Organization of Petroleum Exporting Countries (OPEC), after Nigeria’s oil output decreased to 972,000 barrels per day in August 2022.
The update, which supported recently made public statistics from the Nigeria Upstream Petroleum Regulatory Commission, was published by OPEC in its September 2022 report.
Nigeria’s crude oil output fell below one million barrels per day in August 2022, the lowest level in several years, just last week.
According to the research, oil output in Nigeria decreased in August 2022, falling to 972,394 barrels per day, the lowest level ever recorded in years.
According to the report, the nation’s oil production decreased from 1,083,899 BPD in July to 972,394 BPD in August, according to data from the NUPRC.
According to OPEC’s report on the oil industry for September 2022, which was released on Tuesday, the decline in Nigeria’s oil output caused Angola and Libya to overtake Nigeria in terms of oil output.
According to the data, Angola produced 1.187 million barrels per day on average for the month under review, making it the continent’s top crude oil producer.
According to the report, Libya’s crude oil output for thrust averaged 1.123 mb/d.
It reported that “secondary sources indicate that total OPEC-13 crude oil output averaged 29.65 mb/d in August, up 618,000 month-over-month.”