Angola Overtakes Nigeria As Africa's Top Crude Oil Producer

This is the third time Angola will floor Nigeria as the continent’s largest producer, following the attacks on oil installations in Niger Delta region in 2016. OPEC’s monthly oil market report (MOMR) released yesterday revealed that Angola’s production was now at 1.651 million barrels per day, according to secondary sources.

According to the report, Nigeria, on the other hand, had its production levels between 1.576 million barrels and 1.604 million barrels per day, according to secondary sources and direct communications, respectively.
Using both sources, Angola stands as Africa’s largest oil producer, after losing that spot to Nigeria in December 2016. OPEC also revealed that Nigeria, Saudi Arabia and the United Arab Emirates recorded massive improvements in their economic outlook.

Quote

“In Nigeria, operating conditions in the country’s private sector improved in January for the first time in a year, as suggested by the Stanbic IBTC Bank Nigeria PMI,”

OPEC said.

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Posted: at 14-02-2017 09:35 AM (7 years ago) | Hero

GOOD!! NIGER DELTA GO SUFFER AM

Posted: at 14-02-2017 11:35 AM (7 years ago) | Grande Master

ok

Posted: at 14-02-2017 12:10 PM (7 years ago) | Hero

As d govt no wan settle with NDA, what do u expect

Posted: at 14-02-2017 12:36 PM (7 years ago) | Gistmaniac

And it continues, the hope lies not in oil, but outside it, time and time again, with so much division or conflicting interest, oil has be erratic, no failure no success, just up and down.

Posted: at 14-02-2017 02:37 PM (7 years ago) | Gistmaniac

Wetin dey use the oil do b4 sef mtcheeew

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Posted: at 14-02-2017 07:14 PM (7 years ago) | Hero

Alright. There is God

Posted: at 15-02-2017 05:11 PM (7 years ago) | Upcoming