Angola supersedes Nigeria as Africa’s top oil producer – OPEC Report

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The latest data from the Organisation of Petroleum Exporting Countries (OPEC) has shown that Nigeria has again lost its Africa’s top oil producer status to Angola, as the country’s crude oil production fell last month, The Punch reports.

OPEC, in its Monthly Oil Market Report for April, which was released on Wednesday, put crude oil production from Nigeria at 1.677 million bpd in March based on direct communication, down from 1.744 million bpd in February. Meanwhile Angola saw its oil output rise to 1.782 million bpd last month from 1.767 million bpd in February, based on direct communication. Nigeria recorded the biggest drop in output in the month among its peers in OPEC, followed by Venezuela, based on direct communication. The 13-member oil cartel, said in the report, “Crude oil output increased mostly from Iran, Iraq and Angola, while production decreased in UAE, Libya and Nigeria.”

Exports and production of Nigeria’s popular crude grade Forcados continued to be shut in due to a sabotage-related spill on the subsea Forcados pipeline. The country has also recently seen a rise in militant attacks in its main oil-producing region, the Niger Delta, denting oil production.

 

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  • uche

    when okonjo iwuala told GEJ to boycot court order and not to share the excess crude oil money amongst the governors,the fool GEJ went ahead to share it…
    my pple thats y nigeria is how it is today

    • Standing Emperor

      Ignorance is a disease. GEJ should boycott court order to refuse sharing oil money to state governors? In other words, GEJ should disobey the law as a custodian of that law??? One of the criteria for attracting FID is respect for the rule of law. Nigerians would still be the same people to criticise the government as being disrespectful to the law. The news would have been on all international news media such as CNN and Aljazeera, and foreign investors would categorise the country as a negative on the rule of law criteria. Today, PMB disobeys court orders and it is counting against Nigeria with fall in FDI. GEJ acted rightly and must be commended. Instead of insulting the gentleman, please direct your insults to the bunch of APC governors led by Rotimi Amaechi that prevented our country from saving for the rainy day (today) on the legal notion that we are a federation and the central government cannot decide how to manage state funds. GEJ is wiser and not a fool for seeking to save but your APC folks are the fools. History is on GEJ’s side.

      • uche

        your just a hypocrite……u dint evn read bfr posting…….u blame rotimi amaechi that prevented ur country for saving for the rainy day……now tell me if amaechi was the president,if amaechi was in-charge of FG accts…..now u can c that truly IGNORANCE is a disease wc has infected ur brain….

        • Standing Emperor

          You just can’t understand because of low IQ. You see that IGNORANCE has indeed plagued you. If you had read my comments you would have understood why Amaechi not being in charge argued rightly. You would have known that in Nigeria’s federalism, states are autonomous and the central government cannot manage state funds. Kappish? Without amending section 162 of our constitution, any act of trying to save other than as stipulated in that section creating the FEDERATION ACCOUNT is unconstitutional, null and void. Seek Gamaliel so you can learn at his feet.

          • uche

            wow…c how myopic u are…so u belive Nigeria practice true federalism……wake up sleepy head and stop beating bout section ds nd dat……. i cn c ur type go by the BOOK instead of realities…am sori for u nd ur generation….open ya eyes………..and stop being Nigeria’s FOOL

          • Standing Emperor

            I just gave you a lecture. Be humble to learn. Who established the SWF? A man that did that had savings in mind until the SWF case by your CHAIN government.

          • uche

            i can see u dont have sense at alll……we are talking realities..and ur going by the books…as i said earlier,i pity ur generation….wake up to realities of life

          • Standing Emperor

            So the SWF isn’t reality? GEJ established the SWF with an initial 1 billion USD contribution. Humble yourself to learn otherwise the media will make you hate those who seek justice on your behalf.

          • uche

            yea rite…….oga just shut ur trap…and do oda tins…ur not real…ur just a mirage

          • Standing Emperor

            Initially, my points were not real; then I made them real and suddenly, I ain’t real. You see? I ain’t mad at you…I understand. GEJ’s love for Nigeria’s democratic and institutional growth led to his assenting to the FOI Act that both OBJ and Yaradua had refused to act on. Learn to know but not from the media.
            We need history back on our curriculum because the real anti-progressives are preventing our children from knowing the truth about Nigeria thus removing the crucial subject from our curriculum.

          • uche

            can u tell me what GEJ did for u or his community in Otuekpe…..

          • Standing Emperor

            He built Almajiri schools for us in the North thereby seeking to end decades of poverty roaming children by integrating western and Islamic education. In his village, he established and built the Federal University Otuoke that functions very well today providing access to tertiary education to Bayelsans in particular and Nigerians in general, as well as jobs to Nigerians. You see, apart from widening the democratic space, he loves education and made it accessible. Never allow the media control your mind because they are controlled as well.

          • uche

            do u know y am happy as u write all these tins…..that the economic situation is also affecting you…it affected u durin the tym of GEJ and its still affecting u now……media controlled

          • Standing Emperor

            You asked for what GEJ did and I told you. Now you are rambling about us being affected by the economic situation. Having failed due to superior arguments, you are like a drowning man, looking for non-existent points to score. Your APC govt will create jobs from dressing and undressing masquerades, according to Liar Mohammed.

          • uche

            HEY SITTING DUCK….I CAN C UR JOBLESS..AND U ACTUALLY AV NOTHING TO DO…Y NOT COME MK I EMPLOY U ON MY FARM……AT LIST U CN BE MY PUBLICITY CLERK…….SINS GEJ HAS TOT U SO WELL

          • Moses

            gentle men, this argument should not lead to exchange of vituperation…. you guys are potential leaders, is this how you are going to make your point?

          • uche

            WEDA YOU LIKE IT OR NOT THE RULING APC WILL GOVERN U…AS UR GEJ FAILED WOEFULLY IN HIS 6YR REIGN…THIS ADMINISTRATN WILL BE FAR BETTER AND UR JOBLESS SELF WILL BE GIVEN STH TO DO…..OR SHAMEFULLY ACCEPT MY OFFER STATED ABOVE SINS GEJ COULDN’T PROFFER ANY FR UR LIKES………

          • uche

            MR EMPEROR PENGUIN….CAN U SEE WAT THE NIGER DELTA AVENGERS ARE DOING?..THIS IS A RESULT TO THE FAILURE OF UR BELOVED GEJ TO AT LIST DO STH FOR IS OWN PPL OF THE NIGER DELTA….NO LITE,NO WATER,EXPLIOTATION BY OIL COYS IN THE REGION…AND A FOOL SMWERE IN THE PERSON OF STANDIN EMPEROR IS APPLUDING GEJ…………HOW MYOPIC U ARE

  • Humda

    Oboy! This Uche of a guy sef! Can you at least make a good arguable point here?
    I do not see you saying reasonable things here, but rather you are just spitting some childish and immature insults on the internet.
    If that your name means what my tribe calls it to you, you should just apologize to the Emperor guy, go back and read, read again and again until you have something wise to make your points on.
    Then apologize to us for making the mistake of allowing your dad call you my tribe’s name.
    This is way too much for us bro.

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