Angola: Angola overtakes Nigeria as Africa’s main oil producer

16 May 2008

Vienna, Austria, 16 May – Angola became Africa’s main oil producer in April, overtaking Nigeria which is facing problems affecting its production, the Organisation of Petroleum Exporting Countries (OPEC) said Thursday.

Angola, which is one of the most recent members of OPEC, produced 1.873 million barrels per day in April, exceeding Nigeria by 55,000 barrels.

As production in Angola has risen consistently, Nigeria’s production has been hampered by problems and has fallen by 40 percent or 1.36 million barrels compared to its installed capacity.

Most analysts forecast, however, that Angola’s position will be temporary as around 800,000 barrels per day will start being produced again once Exxon Mobil reaches an agreement with its workers in Nigeria and an end is called to an eight day strike.

Shell also announced it would re-launch production, after repairing its oil facilities. (macauhub)