Sunday, 15 September 2024 - 04:37

|

Nigeria regains position as largest crude oil producer in Africa – OPEC

Nigeria regains position as largest crude oil producer in Africa – OPEC

Nigeria regained its position as the largest producer of crude oil in Africa in April.

The Organisation of Petroleum Exporting Countries, OPEC, disclosed this in its latest monthly report released on Tuesday.

It stated that Nigeria’s average daily crude oil production rose to 1.28 million barrels per day (bpd) in April.

According to the report, the current output represents a 4.07 per cent increase from the 1.23 million bpd recorded in March, indicating the first month-on-month production growth.

The report indicates that Nigeria has regained its position as the biggest oil producer in Africa, with Algeria taking second position with 907,000 bpd output.

“Crude oil output increased mainly in Congo and IR Iran, while production in Nigeria, Iraq and Venezuela decreased,” OPEC said.

Recall that in March, Libya displaced Nigeria to emerge as Africa’s largest crude oil producer.

This implies a boost in Nigeria’s revenue in the period under review.

READ MORE  Tinubu emphasized the necessity of regarding kidnappers in the same light as terrorists.
If you want to share and earn points pleaseloginfirst
Related Articles

Charles Watts Issues Key Injury Update on Gabriel Jesus Ahead of Arsenal vs Tottenham

|

September 12, 2024

Adel Taarabt Reveals Regret Over Joining Tottenham Instead of Arsenal Under Arsène Wenger

|

September 12, 2024

Raheem Sterling’s Shocking Chelsea Exit: How Arsenal Landed a Superstar for Half the Price

|

September 10, 2024

Nigeria Ditches Taiwan for China’s One-China Policy, Strikes Deal to Curb Russia’s Influence in West Africa

|

September 9, 2024

Sterling’s Arsenal Future: Potential Long-Term Deal if Loan Spell Impresses

|

September 9, 2024

7 Key Players Arsenal Will Add to Their Squad—Just in Time for a Season-Defining Run

|

September 8, 2024

Follow & Earn

If you want to share and earn points pleaseloginfirst