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    Angola overtakes Nigeria as Africa’s top oil producer

    Nigeria has recorded the biggest increase in output among its fellow countries in the Organization of Petroleum Exporting Countries, OPEC. But despite this achievement, Nigeria has lost its Largest Oil producing country in Africa status to Angola after it was regained November, 2016.

    Angola is hereby regarded as the largest Africa Oil producing country. For 9 months in 2016, Nigeria experienced a major set back in its Oil production due to the attacks of military resurgence in NIGER DELTA.

    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 bpd in the previous month, based on direct communication.

    But Angola produces 1.615 million bid in JanuaryNigeria’s output had increased to 1.782 million bpd in November from 1.39 million bpd, compared to Angola’s 1.688 million bpd, OPEC’s December report showed.

    Nigeria had in March 2016 lost the top spot to Angola when the country’s production dropped to 1.677 million barrels per day, compared to Angola’s 1.782 million bpd.

    Source: PUNCH

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