Africa Oil & Gas: Angola’s oil production drops by 8,000 barrels a day in August

Angolan oil output fell by 8,000 barrels per day (bpd) to 1.448 million bpd in August, according to indirect sources, the latest monthly report on the oil market from OPEC showed.

Based on direct communication, the report said Angola’s production in August increased by 26,000 bpd to 1.481 million bpd.

In both cases, Angolan oil production is moving increasingly further away from that of Nigeria, which according to secondary sources produced 1.725 million bpd, an increase of 74,000 bpd.

The difference is less pronounced based on direct communication, with Nigeria reporting production of 1.713 million bpd, an increase of 184,000 bpd.

Based on indirect sources, the gap between the production of the two largest oil producers in Africa amounts to 277,000 bpd and by direct communication this difference is 232,000 bpd.

Angola led oil production in Africa for practically the whole of 2016 and until May 2017, a position it has since lost to Nigeria.

Production in Nigeria was affected between 2015 and 2016 by terrorist attacks, armed groups and internal political instability. (macauhub)