Angola posts biggest rise in production amongst OPEC countries in October

28 November 2012

Angola’s oil production in October saw the biggest rise against September out of all the member countries of the Organization of Petroleum Exporting Countries (OPEC), according to secondary sources cited in the oil market monthly report for November.

In October, Angola’s oil production rose by 108,100 barrels per day, from 1.67 million to 1.778 million barrels, whilst in Nigeria, the other large oil producer, production fell by 109,600 barrels per day.

This year Angola’s largest monthly production came in August when it totalled 1.813 million barrels per day.

Angola remained as China’s second-largest supplier of oil in September, the latest month cited in the report, providing 18 percent of China’s oil imports, just behind Saudi Arabia, the biggest supplier, which provided 20 percent of China’s oil imports.

After Saudi Arabia and Angola, the biggest suppliers of oil to China were Oman and Russia, which in September increased its sales to China against the previous month. China imported an average of 4.9 million barrels of oil per day. (macauhub)