Nigeria reclaimed her top position as Africa’s highest crude oil producer in November 2022, latest production data has shown.
This is according to data in the recently released Monthly Oil Market Report (MOMR) by the Organisation of Petroleum Exporting Countries (OPEC).
The data showed that Nigeria produced higher volumes of crude oil than its closest rivals, Angola and Algeria for the month under review.
According to OPEC data, Nigeria produced 1,158 million barrels per day (mb/d) of crude oil, taking the top spot among African crude oil producers. Angola emerged second oil, producer 1,102 mb/d and Algeria took third place producing 1,022 mb/d during the month under review.
The report however stated that crude oil production in Saudi Arabia, the United Arab Emirates (UAE), Kuwait, and Iraq declined.