Nigeria’s crude oil output increased by about 70,400 barrels per day (bpd) to 1,857,000bpd in August 2015, from its July output of 1,787,000bpd going by the current figures released by Organisation of Petroleum Exporting Countries (OPEC) in its latest monthly oil market report released on Monday, BusinessDay reports.
Year-on-year, comparison to August 2014 output of 2,008,000bpd shows a massive drop of 151,000bpd. Nigeria, however, still maintained its position as Africa’s number one oil producer in August followed by Angola and Algeria with an output of 1.735 million bpd and 1.109 million bpd, respectively.
Total OPEC crude oil production averaged 31.54 million barrels per day in August, up by 99,000bpd over the previous month. The uptick reflects higher output from Nigeria, Saudi Arabia and Kuwait.
