Nigeria’s oil output down to 1.52mbd – OPEC

16 March 2017, Sweetcrude, Lagos – Nigeria’s crude oil production fell from 1.533 million barrels per day, mbd, to 1.526 mbd last month, figures from the Organisation of Petroleum Exporting Countries, have shown.

According to the Monthly OPEC Oil Market Report for March 2017 Angola’s production stood at 1.649 million bpd in February, up from the 1.615 million bpd recorded in January.

Nigeria, which again lost its Africa’s top oil producer status to Angola in January, has recorded further decline in its crude oil production, a new report from the Organisation of Petroleum Exporting Countries has indicated.

OPEC, in its Monthly Oil Market Report for March 2017, put crude oil production from Nigeria at 1.526 million barrels per day in February, down from 1.533 million bpd in the previous month, based on direct communication.

Production from its southern African counterpart, Angola, stood at 1.649 million bpd in February, up from the 1.615 million bpd recorded in January.

OPEC said crude oil output increased the most in Nigeria in February, while production in Saudi Arabia, Iraq, United Arab Emirates and Angola showed the largest declines.

 

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