Nigeria overtakes Angola as Africa's top oil producer

Nigeria has finally overtaken Angola to
reclaim the position as Africa’s top oil
producer after the latter had held the
position for seven months.
Angola had led with 1.7 million barrels
produced per day which was above Nigeria’s
1.5 million barrels.
otfera.blogspot.com studied OPEC's regular report and
came up with the following conclusions:

According to the Organisation of Petroleum
Exporting Countries (OPEC) December 2016
Monthly oil Market report (MOMR), crude oil
production from Nigeria surpassed Angola’s
production.
This is happening even before the planned
cut in crude oil production agreed by OPEC
and non-OPEC producers.
Nigeria overtakes Angola as Africa's top oil
producer
Angola’s production is expected to be cut by
78,000 barrels per day in an agreement
which was agreed in late 2016.
Nigeria’s takeover of Angola is by 94,000bd
as information from primary sources in the
MOMR stated that Nigeria produced 1.782mb
of oil as against Angola’s 1.688mb.
Acording to OPEC’s December MOMR, “A new
OPEC-14 production target of 32.5mb/d as per
1 January 2017 represents a reduction of
around 1.2mb/d from October production
levels.”
Nigeria lost its place to Angola earlier in 2016
following attacks on oil and gas installations
in the Niger Delta region which affected the
country’s output.
The notorious Niger Delta Avengers finally
agreed to a cease fire later in the year
following the appointment of Chief Edwin
Clark to negotiate on its behalf.

The federal government launched a military
operation in the region tagged Operation
Crocodile Smile to put an end to militancy
while President Muhammadu Buhari also met
with the Clark-led group where he was
presented with a 16-point agenda.
Nigeria overtakes Angola as Africa's top oil
producer
The Avengers have vowed to renew hostility
after it accused the federal government of
not following with earlier agreements
although the army countered with a
statement warning that oil saboteurs will be
dealt with.