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Angola remained in January as the largest oil producer in Africa, overtaking Nigeria, according to the February issue of the monthly newsletter on the oil market released in Vienna by the Organization of Petroleum Exporting Countries (OPEC).
In January Angola produced 1.615 million barrels of oil per day, a monthly drop of 24,000 barrels per day, surpassing Nigeria which, according to the table based on direct communication, only produced 1.604 million barrels per day, a monthly increase of 233,700 barrels per day.
Based on direct communication, last year Angola produced 1.708 million barrels per day, a number that exceeds the Nigerian production of 1.447 million barrels per day.
According to secondary sources, in January Angola produced more oil than Nigeria – 1.651 million barrels per day, 23,200 barrels per day less compared to December 2016 against 1.576 million barrels per day produced by Nigeria, which produced 101,800 more barrels per day than in December.
Angola also surpassed Nigeria in 2016 in terms of production based on secondary sources, with a production of 1.73 million barrels per day compared to Nigeria’s 1.577 million barrels per day.
The decline in oil production in Nigeria, which was previously the main oil producer in Africa, is due to attacks on production facilities and pipelines that carry the product to the ports. (source: Macauhub)