Nigeria’s Crude Oil Production Rises by 3.4% in August

Nigeria’s Crude Oil Production Rises by 3.4% in August

Nigeria’s daily crude oil production grew by 3.4% in August, reaching 1.352 million barrels per day, according to the latest data from OPEC.

The Organisation of Petroleum Exporting Countries (OPEC) reported that Nigeria’s output increased by 45,000 barrels per day, up from 1.307 million barrels per day in July. These figures are based on direct communication between OPEC and Nigerian authorities.

Secondary sources indicate an even higher average of 1.448 million barrels per day in August, an increase of 57,000 barrels compared to the previous month’s 1.391 million barrels per day.

Nigeria has reinforced its position as Africa’s leading oil producer, further widening the gap with Libya, which faced significant production setbacks due to field shutdowns in August.

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