Confirming this in its September 2022 oil sector report released on Tuesday, OPEC stated that the drop in Nigeria’s oil production made Angola and Libya to overtake Nigeria in oil output. The report stated that Angola was Africa’s highest crude oil producer for the month under review with an average production of 1.187mb/d. It said Libya’s crude oil production averaged also 1.123mb/d for the month of August. “According to secondary sources, total OPEC-13 crude oil production averaged 29.65 mb/d in August, higher by 618,000 month-on-month,” it stated. The report added, “Crude oil output increased mainly in Libya and Saudi Arabia, while production in Nigeria declined.”The post Angola, Libya overtake Nigeria in crude production – OPEC appeared first on NEWS PICKS — WITHIN NIGERIA.

Source: Libya Today September 14, 2022 07:24 UTC