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Thursday, June 15, 2017

Nigeria Regains Africa's Top Oil Producer Status

When talking about the top Oil producing countries in Africa it's widely known that Nigeria is the front runner but the country lost the status to Angola but as a result of the return of the Forcados export terminal, the nation’s oil production has surpassed that of its rival, Angola, the latest data from the Organisation of Petroleum Exporting Countries has shown.

Nigeria, which again lost its Africa’s top oil producer status to Angola in January after it regained it in November last year, recorded the biggest increase in output among its peers in the OPEC last month.

For nine months in 2016, Nigeria lagged behind its southern African counterpart in oil production on the back of the resurgence of militant attacks on oil facilities in the Niger Delta.

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