Nigeria Drops 2 Places, Now 7th On OPEC Production List

A latest ranking has showed Nigeria now ranks seventh on Organisation of the Petroleum Exporting Countries’ crude oil production list.

Before the latest ranking, Nigeria used to be fifth on the 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.

Venezuela’s production was 711b/d, and Equatorial Guinea’s was 57b/d. Gabon, Libya and Iran did not produce any barrel in the month.