Nigeria’s average crude oil production averaged 1.186 million barrels per day in November, according to OPEC’s Monthly Oil Market Report.
The report analyzed by Investogist shows a steady increase in the country’s production over the past three months. In September average crude oil production was 0.938 million barrels per day, and in October, it went up to 1.014 million barrels per day.
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Amongst African members of the Organization of Petroleum Exporting Countries (OPEC), Nigeria produced the most crude oil in November, followed by Angola which produced 1.088mn b/d, then Algeria with 1.021mn b/d, Congo with 260,000 b/d, Gabon with 191,000 b/d and Equatorial Guinea with 56,000 b/d.
Amongst OPEC members, Saudi Arabia produced the most crude on average with 10.468 million barrels per day. Iraq produced 4.43mn b/d, while UAE produced 3.047mn b/d.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
