Nigeria regained its position as Africa’s largest crude oil producer in May, data from the Organization of Petroleum Exporting Countries (OPEC) has shown.
In April, Angola overtook Nigeria to emerge top African crude oil producer for the month. The country recorded 1.06 million barrels per day (bpd) of oil production in the month, while Nigeria recorded an output of 999,000 bpd. The April output figure represented the nation’s lowest production rate in 2023.
Oil production from the 13 members of the oil cartel averaged 28.06 million barrels per day in May 2023, lower by 464 thousand barrels per day month on month, OPEC said in its Monthly Oil Market Report released recently.
