Nigeria leads Africa in crude oil production

Jan 25, 2010 01:00 AM

Nigeria for the 2nd consecutive time led other African countries in December 2009 crude oil production which hit 1.984 mm bpd pushing Angola to the second position. This production does not include condensate which hovers around 400 bpd.
The December production level went up from 1.941 mm bpd to 1.984 mm bpd, while Angola slipped to the second position with production level coming down to 1.856 mm bpd from 1.877 mm bpd.

According to Renaissance Capital, Nigeria's output rose 2.2 on month-on-month basis and 3.7 on year-on-year basis, while Angola's production level dropped by 2.0 % year-on-year.
The crisis in the Niger Delta which led to attacks of facilities belonging to oil companies coupled with ageing infrastructure and lack of investment in the oil industry have largely been responsible for the slip in Nigeria's oil production since the beginning of 2000's.

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