Angola is China’s third largest oil supplier in February

21 April 2017

In February Angola was China’s third largest oil supplier, after Saudi Arabia and Russia, with a 10% share, compared to 15% and 14%, respectively, for the other two countries, according to the monthly report on the oil market for April from the Organization of Petroleum Exporting Countries (OPEC).

The report adds that oil sales to China increased by 60,000 barrels per day for Saudi Arabia and 37,000 barrels per day for Russia in March, while Angolan exports fell by 317,000 barrels per day.

In March and according to secondary sources, Angola recorded production of 1.614 million barrels per day, a monthly drop of 18,700 barrels per day, while Nigeria lowered production by 29,800 barrels per day to reach 1.545 million barrels per day.

On the basis of direct communication, the difference is substantially higher, with Angola having produced 1.652 million barrels a day, with an increase of 3,000 barrels per day and Nigeria having produced 1.269 million barrels, with a monthly drop of 156,900 barrels per day.

This month the Nigerian subsidiary of Royal Dutch Shell was forced to shut down an oil pipeline to repair sites where people were stealing oil. (macauhub)