16 December 2022
Records has shown that Nigeria reclaimed her top position as Africa’s highest crude oil producer in November 2022.
This is according to data in the recently released Monthly Oil Market Report (MOMR) by the Organization of Petroleum Exporting Countries (OPEC).
The data showed that Nigeria produced higher volumes of crude oil than its closest rivals, Angola and Algeria for the month under review.
According to the OPEC data, Nigeria produced 1,158 million barrels per day (mb/d) of crude oil, taking the top spot among African crude oil producers. Angola emerged second, producing 1,102 mb/d and Algeria took third place producing 1,022 mb/d during the month under review.
Meanwhile, according to direct communication from the OPEC data, Nigeria produced 1,186 mb/d of crude oil. Angola took second place producing 1,088 mb/d and Algeria emerged in third place, producing 1,021 mb/d for the month under review.
OPEC report, secondary sources indicate that total crude oil production from OPEC member countries averaged 28.83 mb/d in November 2022, lower by 744 thousand barrels per day (tb/d) month-on-month.
The report stated that crude oil production output increased mainly in Nigeria and Angola, while production in Saudi Arabia, the United Arab Emirates (UAE), Kuwait, and Iraq declined.
