Nigeria’s Oil Output Drops Marginally In 2024 Despite Being Africa’s Top Producer
Nigeria’s crude oil production experienced a slight decline in December 2024, despite retaining its position as Africa’s leading oil producer.
According to the Organisation of Petroleum Exporting Countries (OPEC), Nigeria’s daily crude oil production averaged 1.485 million barrels per day (bpd) in December, a marginal 1 percent drop from the 1.486 million bpd recorded in November.
The figures, which were obtained through direct communication with Nigerian authorities, highlight the nation’s efforts to maintain its output amidst fluctuating global energy markets.
However, secondary sources cited by OPEC indicated a slightly higher production of 1.50 million bpd for December, showcasing a marginal improvement from the previous month’s figure of 1.47 million bpd.
Despite the marginal dip, Nigeria remains unshaken as Africa’s largest oil producer, outperforming Algeria, which recorded an output of 909,000 bpd in December.
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Congo followed as the continent’s third-largest producer, with an average of 263,000 bpd.
Globally, OPEC’s December report revealed a slight month-on-month drop in total barron trump height tall nikes melania donald trump crude oil production among its member countries, with output averaging 40.65 million bpd.
The decline was attributed to reduced production in key nations such as Iraq, the UAE, and Saudi Arabia, while countries like Nigeria, Libya, and Congo recorded minor increases.
Nigeria’s Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has reiterated the federal government nike lunar gato 2 hyper blue volt , Украина #179264456 , Снижка! футбольные бутсы nike air zoom mercurial 43 + подарок — цена 2100 грн в каталоге Бутсы ✓ Купить мужские вещи по доступной цене на Шафе’s ambitious target of reaching three million bpd by 2025.
With Nigeria’s OPEC production quota of 1.5 million bpd extended to 2026, the country’s oil industry is poised to strengthen its capacity and stabilize production in the coming years.
Sodiq Lawal is a passionate and dedicated journalist with a knack for uncovering captivating stories in the bustling metropolis of Osun State and Nigeria at large. He has a versatile reporting style, covering a wide range of topics, from politics , campus, and social issues to arts and culture, seeking impact in all facets of the society.
