Angola has trumped Nigeria to become Africa’s biggest oil producer as the latter’s output declined the most in May among its peers in the Organization of Petroleum Exporting Countries (OPEC).
OPEC’s monthly report for May showed that Nigeria’s oil production reduced by 195,000 barrels per day (bpd) to 1.02 million bpd in May from 1.22 million in April, based on direct communication.
On the other hand, Angola’s oil production stood at 1.16 million bpd in May, down from 1.18 million bpd in April, based on direct communication.
Nigeria suffered the biggest decline in production among its OPEC peers, according to both direct communication and secondary sources’ data.
OPEC reports that crude oil output increased mainly in Saudi Arabia, the UAE and Kuwait, while production in Libya, Nigeria, Iraq, Gabon and IR Iran declined.
