• 4 minutes Pompeo: Aramco Attacks Are An "Act Of War" By Iran
  • 7 minutes Who Really Benefits From The "Iran Attacked Saudi Arabia" Narrative?
  • 11 minutes Trump Will Win In 2020
  • 15 minutes Experts review Saudi damage photos. Say Said is need to do a lot of explaining.
  • 30 mins Ethanol, the Perfect Home Remedy for A Saudi Oil Fever
  • 4 hours Hong Kong protesters appeal to Trump for support.
  • 14 hours Europe: The Cracks Are Beginning To Show
  • 16 hours Iran Vows Major War Even If US Conducts "Limited Strikes"
  • 2 hours Memorize date 05/15/2018 cause Huawei ban is the most important single event in world history after 9/11/2001.
  • 2 hours Millennials: A boil on the butt of the work ethic
  • 3 hours A little something for all you Offshore swabbies
  • 11 hours Ban Fracking? What in the World Are Democrats Thinking?
  • 16 hours LA Times: Vote Trump out in 2020 to Prevent Climate Apocalypse
  • 14 hours When Trying To Be Objective About Ethanol, Don't Include Big Oil Lies To Balance The Argument
  • 4 hours US and China are already in a full economic war and this battle for global hegemony is a little bit frightening
  • 1 hour Saudi State-of-Art Defense System looking the wrong way. MBS must fire Defense Minister. Oh, MBS is Defense Minister. Forget about it.
  • 2 hours Shale profitability
  • 1 day Yawn... Parliament Poised to Force Brexit Delay Until Jan. 31
  • 11 hours Let's shut down dissent like The Conversation in Australia
Shale Stocks Surge On Major Jump In Oil Prices

Shale Stocks Surge On Major Jump In Oil Prices

US shale drillers saw their…

Aramco’s Oil Disruptions Could Last Months: Analyst

Aramco’s Oil Disruptions Could Last Months: Analyst

Energy Aspects’ chief oil analyst…

Nigeria is Africa's Largest Oil Exporter

The office of President Goodluck Jonathan's, summing up his first 100 days in office, declared that one of his administration’s achievements was Nigeria again retaining its position as Africa’s largest oil exporter, surging ahead of Angola after the insurgency in the country’s militant Niger Delta was quelled.

Nigeria currently produces about 2.4 million barrels per day (bpd), a rate which fell to 1.8 million bpd when fighting in the Niger Delta sharply curtailed production.

Special Adviser to the President Jonathan on Media and Publicity Reuben Abati said, "Boosted by the overwhelming success of the amnesty program of the current administration, Nigeria's oil production expanded by 20 per cent and she reclaimed her foremost position as Africa's largest oil exporter, which she had hitherto lost to Angola.

Nigeria sets a new record by being recognized by OPEC in July as the second largest oil exporter in the cartel, second only to Saudi Arabia. It is the first time Nigeria has recorded such a feat," The Vanguard newspaper reported.

The U.S. United States Energy Information Administration (EIA) places Nigeria's proven oil reserves at between 16 and 22 billion barrels but other sources assert that Nigeria’s potential oil reserves could in fact be as high as 35 billion barrels.

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play