The Organisation of Petroleum Exporting Countries (OPEC) has said Nigeria’s average daily crude oil production increased to 1.27 million barrels per day (bpd) in June.
In its monthly oil market report released yesterday, the oil cartel said the production data was based on direct communication with Nigerian authorities.
OPEC receives data on crude oil production from two sources: direct communication — which is from member countries — and secondary communication, such as energy intelligence platforms.
According to the intergovernmental body, the current output figure represents a 1.57 per cent rise from the 1.25 million bpd recorded in May. Due to the current production figure, OPEC said Nigeria retained its position as the biggest oil producer in Africa, surpassing Angola, which produced 906,000 bpd in June.
With 259,000 bpd in June, Congo ranked third among the biggest oil producers in Africa, according to OPEC. “According to secondary sources, total OPEC-12 crude oil production averaged 26.57 mb/d in June 2024, 80 tb/d lower, month-on-month.
