Nigeria Holds the Status of the Largest Oil Producer in Africa
Nigeria‘s average daily production at the end of July exceeded 1.6 million barrels per day, compared to 1.25 million barrels per day in June, the Nigerian regulator NUPRC claims. Thus, the West African state retains the status of the largest oil producer on the continent.
Nigeria‘s reserves are estimated at 37.5 billion barrels, and its production capacity is 2.19 million barrels per day. Now the commission is introducing the latest technologies for calculating oil production and exports in order to avoid theft of black gold and vandalism.
At the same time, OPEC in its July report, citing secondary sources, writes that Nigeria produced 1.386 million barrels per day of oil on average, which is 16 thousand barrels per day. more than June. The country itself reported to the cartel and production of 1.307 million barrels per day (+30 thousand barrels per day).
