• 8 minutes U.S. Shale Oil Debt: Deep the Denial
  • 13 minutes WTI @ $75.75, headed for $64 - 67
  • 16 minutes Trump vs. MbS
  • 2 hours Despite pressure about Khashoggi's Murder: Saudi Arabia Reassures On Oil Supply, Says Will Meet Demand
  • 7 hours Dyson Will Build Its Electric Cars in Singapore
  • 7 hours China Opens Longest Mega-Bridge Linking Hong Kong to Mainland
  • 39 mins Iraq war and Possible Lies
  • 3 hours Why I Think Natural Gas is the Logical Future of Energy
  • 4 hours The Balkans Are Coming Apart at the Seams Again
  • 40 mins Can “Renewables” Dent the World’s need for Electricity?
  • 4 hours How Long Until We Have Working Nuclear Fusion Reactor?
  • 19 hours Knoema: Crude Oil Price Forecast: 2018, 2019 and Long Term to 2030
  • 2 hours Satellite Moons to Replace Streetlamps?!
  • 3 hours World to Install Over One Trillion Watts of Clean Energy by 2023
  • 6 hours These are the world’s most competitive economies: US No. 1
  • 19 hours Get on Those Bicycles to Save the World
Leaked Document: OPEC+ Struggling To Lift Oil Production

Leaked Document: OPEC+ Struggling To Lift Oil Production

An internal OPEC document suggests…

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