Nigeria now ranks seventh on Organisation of the Petroleum Exporting Countriesโ crude oil production list.
OPEC’s Monthly Oil Market Report for November which examined oil production performance in October, revealed that Nigeria’s output was 1.014 million barrels per day in October, ranking seventh after Saudi Arabia, United Arab Emirates, Kuwait, Iraq, Angola and Algeria.
Angola produced 1. 051mb/d; Algeria, 1.060mb/d; Kuwait 2.811mb/d; UAE, 3.188mb/d; Iraq, 4.651mb/d; and Saudi Arabia, 10. 957mb/d.
Venezuelaโs production was 711b/d, and Equatorial Guineaโs was 57b/d. Gabon, Libya and Iran did not produce any barrel in the month.
Nigeria used to rank fifth before the new report was released.
