• Wednesday, September 27, 2023
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Forcados reinstates Nigeria as Africa’s top oil producer

Nigeria’s oil production has surpassed that of Angola, the latest data from the Organisation of Petroleum Exporting Countries has shown (OPEC).

Nigeria recorded the biggest increase in output among its peers in the OPEC last month.

Production from Angola stood at 1.6 million barrels per day (mbpd) in May, down from the 1.7mbpd it closed at last year.

Nigerian crude production rose to 1.7mbpd, the highest level in more than one year.

This followed the restart of Forcados loadings for the first time since February 2016.