Angola increases oil production in November

16 December 2016

Oil production in Angola in November reached 1.692 million barrels per day representing 124,800 barrels per day more than in October, according to the monthly report data from the Organisation of Petroleum Exporting Countries (OPEC).

According to Portuguese news agency Lusa, with this production Angola equalled Nigeria, which increased production by 62,700 barrels per day.

In October, Nigeria was Africa’s largest oil producer overtaking Angola, which had stayed ahead for the previous seven months.

Since 2014 Angola has faced an economic, financial and currency crisis due to the sharp drop in oil revenues following the fall in international prices.

In the first half of this year Angola produced an average of 1.77 million barrels of crude oil per day. (macauhub)