Angola remains top oil producer despite Nigeria’s recovery

Five months after it overtook Nigeria as Africa’s top oil producer, Angola retained the status in July despite a reported increase of 147,400 barrels per day in Nigeria’s production, data from the Organisation of Petroleum Exporting Countries have shown.


OPEC, in its Monthly Oil Market Report for August, which was released yesterday, put crude oil production from Nigeria at 1.527 million bpd in July based on direct communication, up from 1.379 million bpd in June.


Nigeria recorded the biggest increase in output in the month among its peers in OPEC, followed by Saudi Arabia, whose production rose by 123,000 bpd to 10.67 million bpd in July, according to the data.


Exports and production of Nigeria’s popular crude grade Forcados continued to be shut in due to a sabotage-related spill on the subsea pipeline. Shell had on February 21 declared force majeure on the grade.


The country has seen a rise in militant attacks in its main oil-producing region, the Niger Delta in recent times, denting oil production.


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


OPEC’s December report showed that the southern African country had in November 2015 overtaken Nigeria in output level as it produced 1.722 million bpd, compared to 1.607 million bpd produced by Nigeria.