Angola: Oil Production – Country Beats Nigeria Again

For the second consecutive month, Angola has beaten Nigeria to emerge Africa’s highest oil producing nation, a development which underscores Nigeria’s dwindling fortunes in the sector and Angola’s steady rise as an oil producer of note on the continent.

May, 2008 production figures released by the Organisation of Petroleum Exporting Countries (OPEC) showed that Nigeria produced 1.89 million barrels per day while Angola produced 1.90 million barrels per day during the period under review.
Nigeria has an installed capacity to produce 3.0 million barrels per day, while Angola’s capacity is reportedly put at 2.0 million barrels per day.

Nigeria’s production capacity is largely blighted by the activities of militants in the Niger Delta which accounts for close to 100 per cent of the countries hydrocarbon resources.

AllAfrica