Thursday, 15 June 2017

Nigeria takes spot from Angola to become largest producer of crude oil in Africa

According to reports released by Monthly Oil Market Report OPEC for June 2017,Nigeria's crude oil production increased to 1.640 million barrels per day in May, up from 1.404 million.
Production from Angola slipped from 1.651 million bpd to 1.593 million bpd in May.

Nigeria's increase in crude production is as a result of the restart of Forcados loading for the first time since October 2016

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