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.