26 March, 2017      10:08 GMT +1 Luanda

Angola remains the biggest oil producer in Africa

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20170315In February Angola remained the leading oil producer in Africa, surpassing Nigeria, according to the monthly report on the oil market released by the Organisation of Petroleum Exporting Countries (OPEC).

After in 2015 Angolan oil production remained below Nigeria’s, with 1.753 million barrels per day compared to 1.861 million barrels per day, in 2016 Angola was consistently the main oil producer in Africa, and ended the year with production of 1.73 million barrels per day compared to 1.577 million barrels per day in Nigeria.

Production in February based on secondary sources amounted to 1.641 million barrels per day, a decrease of 18,200 barrels per day compared to figures from January, while Nigeria recorded 1.608 million barrels per day, with a monthly increase of 58,000 barrels per day.

Based on direct communication, Angola’s production amounted to 1.649 million barrels per day, an additional 34,000 barrels per day compared to January, while Nigerian production reached 1.526 million barrels per day, with a monthly breakdown of 6,800 barrels per day.

Oil production in OPEC member countries, according to secondary sources, fell in February by 0.14 million barrels per day on month to 31.96 million barrels per day, with Saudi Arabia, Iraq, the United Arab Emirates and Angola recording the largest drops and Nigeria the largest increase. (macauhub)

 


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