Africa Oil & Gas: Angola leads oil production in Africa for the 6th month

In August, for the sixth consecutive month, Angola was the largest African oil producer, with 1.775 million barrels of crude oil a day, higher than the 1.468 million barrels a day in Nigeria, according to the Organization of Petroleum Exporting Countries (OPEC).

The OPEC September report notes that Nigeria, which began 2016 leading the African list with 1.853 million barrels per day (against Angola’s 1.742 million), saw production go down to 1.444 million in May, the lowest value this year due to problems with armed groups in the country, affecting oil operations.

A recent International Energy Agency report predicts that Angola will continues to lead oil production in Africa until 2020.

The latest OPEC report also notes that China once again bought less oil from June to July (-2%), down to an average of 7.3 million barrels per day.

in July Angola returned being China’s leading supplier, equivalent to 1.1 million barrels of crude oil per day (an increase of 207,000 barrels per day compared to June), overtaking Saudi Arabia and Russia.

On average, in the first half of the year Angola produced 1.77 million barrels of oil per day, according to the Ministry of Finance data. (macauhub/AO/CN)