Angolan oil production falls in November

14 December 2017

Angola’s oil output fell further in November, by 108,700 barrels per day according to secondary sources, to a total of 1.581 million barrels per day, according to a monthly report on the oil market of the Organization of the Petroleum Exporting Countries (OPEC) for December.

In the same period, Nigeria’s production increased by 95,800 barrels per day to 1.790 million barrels per day, ensuring that Nigeria remains at the top of the list of the largest oil producers in Africa and progressively moving away from Angola.

Based on direct communication, Angolan production in November rose by 6,000barrels per day to 1.607 million barrels per day, but Nigeria’s production increase by 151,100 barrels per day to 1.751 million barrels per day.

Angola was Africa’s biggest oil producer from mid-2016 until May this year.

In October Angola was the third largest oil supplier to China, after Russia and Saudi Arabia, with Saudi sales increasing by 4.0% on a monthly basis and Russian and Angolan oil sales dropping 29% and 26%, respectively, also in monthly terms.

China imported 7.3 million barrels per day in October, a drop of 19% or 1.7 million barrels per day, the biggest monthly drop since October 2016. (macauhub)