Nigeria’s crude oil production rose to 1.351 million barrels per day in October 2023, up from the 1.347mbpd that was produced in the preceding month of September.
Data released by the Organisation of Petroleum Exporting Countries showed that with the latest crude oil output, Nigeria retained its position as the largest oil producer in Africa.
The country’s 1.347mbpd oil production in September 2023 was the highest output in Africa, and by sustaining the rise in oil output in October, Nigeria retained its position as largest crude oil exporter.
The country’s oil output surpassed the volumes produced by Libya and Angola, according to figures released by global oil cartel – OPEC.
Algeria produced 961,000 bpd of crude oil in October, while Angola recorded 1.147mbpd and Libya’s output was 1.188mbpd.
The Minister of State for Defence, Bello Matawalle, had earlier stated that the country was hopeful of producing 1.9 million barrels of crude oil per day before the end of the year.
“Before now, due to oil theft activities in the Niger Delta region, oil production dropped to about one million barrels per day.
“But with the Federal Government’s actions and the onslaught of the combined military against oil thieves, the production stands at 1.7 million barrels per day currently. We are hoping that at the end of this year, we will reach about 1.9 million barrels per day,” he stated.
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