ERHC Energy Inc (ERHE)

[RubyMartin]

Angola: Angola is the biggest oil producer in Africa according to OPEC [ 2008-06-11 ]


Vienna, Austria, 11 June – Angola has overtaken Nigeria as Africa’s largest oil producer, according to the most recent Oil Mining Report (OMR) published by the Organization of Oil Producing Countries (OPEC).

In its OMR for May, OPEC said that Angolan production in April totalled 1.87 million barrels per day whilst in Nigeria’s production fell to 1.81 million barrels, against a peak of 2.5 million barrels three years earlier.

According to OPEC, Nigeria’s daily production has fallen from 2.235 million barrels in 2006 and 2.125 million in 2007.

In the same period Angola’s production rose from 1.385 million barrels per day in 2006 to 1.66 million in 2007.

The oil cartel said the rise in Angolan production was due to offshore projects in the oil rich area off the coast of Cabinda province. (macauhub)