OPEC Crude Oil Production List: Nigeria Drops To 7th Place
Nigeria now ranks 7th, down from 5th place on the Organisation of Petroleum Exporting Countries’ (OPEC) crude oil production list, according to its Monthly Oil Market Report for November, 2022.
The report examines oil production performance in October across member states.
Nigeria’s output for the month of October was 1.014 million barrels per day, ranking seventh after Saudi Arabia, United Arab Emirates, Kuwait, Iraq, Angola and Algeria.
While Nigeria’s production was 1. 014mb/d in October, Angola produced 1. 051mb/d; Algeria, 1.060mb/d; Kuwait 2.811mb/d; UAE, 3.188mb/d; Iraq, 4.651mb/d; and Saudi Arabia, 10. 957mb/d.
Also, Venezuela’s production was 711b/d, Equatorial Guinea was 57b/d while, Gabon, Libya and Iran did not produce a barrel in the month.
OPEC/Punch/Hauwa Abu
