By CHIKA IZUORA, Lagos
Nigeria’s oil production moved significantly high in April compared with previous months when the sector saw a major production drop as a result of militant attacks on oil infrastructure in the Niger delta. During the month crude oil production rose by 274,000 barrels per day, the Organisation of Petroleum Exporting Countries, OPEC, said.
The increase, according to OPEC, represents the biggest increase among countries within the oil producers’ group. Also, OPEC’s latest Monthly Oil Market Report for the month of May revealed that Nigeria’s output was put at 1.484 million barrels per day, bpd, for April, from 1.21 million bpd in March, which was based on direct communication.
Meanwhile, Angola saw its oil output decrease to 1.651 million bpd in April, from 1.652 million bpd in the previous month. But the country still retained its status as Africa’s top oil producer, after taking over from Nigeria recently.
The report showed that Saudi Arabia, the biggest producer in the group, recorded the second largest increase in April as it produced 9.946 million bpd, after recording a slide from 9.9 million bpd in March. Kuwait, on its part, saw its production output rise by 10,000 bpd to 2.710 million bpd.
The United Arab Emirates’ production increased by 15,000 bpd to 2.988 million bpd in April. OPEC crude oil production decreased by 18,000 bpd, from the previous month to average 31.73 million bpd in April, sources said. In the report, the oil producers’ group noted that, “Crude oil production declined in the UAE, Libya, Iraq and Iran, but increased in Angola and Saudi Arabia.”