Bennett OghifoNigeria is no longer the largest crude oil producer in Africa. It lost its Africa’s top oil producer status to Libya following further fall in its crude oil production last month, amid lingering supply disruptions. Libya, which overtook Angola as the second-biggest producer on the continent in December last year, saw its oil production rise to 1.24 million bpd in October from 1.16 million bpd in September, based on direct communication, revealed the cartel’s latest report released midweek. OPEC uses secondary sources to monitor oil output, but also publishes a table of figures submitted by its member countries. According to secondary sources, Nigeria’s production declined by 45,000 bpd to 1.35 million bpd in October from about 1.40 million bpd in September.

Source: Libya Today November 13, 2021 07:21 UTC