Angola Tops Nigeria as Africa’s Biggest Oil Producer in August
- Nigeria loses top producer crown for first time since 2017
- Country’s output constrained by crude theft and vandalism
A worker walks on an oil tanker converted into a Floating Production Storage and Offloading vessel off the coast of Angola.
Photographer: Rodger Bosch/AFP/Getty ImagesThis article is for subscribers only.
Nigeria lost its crown as Africa’s largest crude producer as Angola surpassed the country for the first time in more than five years.
Angola’s average daily output in August of 1.17 million barrels was more than Nigeria’s at 1.13 million barrels, according to Bloomberg’s survey of monthly OPEC output. The last time that happened was in April 2017 when both nations were pumping about 500,000 barrels a day more, the same data show.