The Organisation of the Petroleum Exporting Countries (OPEC) has confirmed that Nigeria remains the largest oil producer in Africa.
In its latest monthly report on Wednesday, OPEC stated that Nigeria’s oil output rose in November to 1.48 million barrels per day (bpd), up from 1.33 million bpd in October.
The oil cartel noted that this production figure was the highest in Africa for October, with Nigeria maintaining its top position on the continent in the following month.
OPEC reported that in November, Nigeria surpassed Algeria, which produced 908,000 bpd, followed by Congo, which had an output of 268,000 bpd.
OPEC clarified that its data is based on direct communication, adding that secondary sources indicated Nigeria’s crude production increased to 1.417 million bpd in November, slightly up from 1.4 million bpd in October.
“According to secondary sources, total OPEC-12 crude oil production averaged 26.66 mb/d in November 2024, which is 104 tb/d higher, m-o-m,” OPEC stated.
“Crude oil output increased mainly in Libya, IR Iran, and Nigeria, while production in Iraq, Venezuela, and Kuwait saw a decline.”
Similarly, total non-OPEC DoC crude oil production averaged 14.01 mb/d in November 2024, an increase of 219 tb/d month-on-month. Output in Kazakhstan and Malaysia saw significant growth.
On the same day, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reported that Nigeria’s crude oil production rose to 1.69 million bpd in November, up from 1.53 million bpd in October.
