Angola Becomes Africa’s Biggest Crude Producer.

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Nigeria’s productivity has been progressively declining since 2020, and this year it struck multi-decade lows.

Nigeria loses roughly 400,000 barrels of oil per day to oil theft; but if the volume that cannot be produce due to shutdown is inclusive, the loss is significantly larger.

The pipelines that traverse the oil-rich Niger Delta in southern Nigeria are to blame for the large amounts of theft, according to the authorities. Some Western Delta oil businesses haven’t exported any crude oil in nearly a year.

An analysis of monthly OPEC output found that Angola’s average daily output in August, at 1. 17 million barrels, was higher than Nigeria’s, at 1.13 million barrels.


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