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The Organisation of Petroleum Exporting Countries (OPEC) has said that Nigeria has regained the top spot in Africa, producing an average of 1.27 million barrels per day in November.
OPEC disclosed this in its Oil Market Report for December 2021.
Opec also reported that Nigeria’s production declined sharply to 1.35 million barrels per day by 45,000 barrels per day (BPD) in October from about 1.40 million BPD in September.
Libya, which clinched the top spot in Africa in October with 1.24 mb/d, declined to 1.21 mb/d in November.
The new OPEC report showed an increment of 47,000 barrels per day when compared to the 1.228 mb/d produced averagely in October 2021.