OPEC stated this in its Oil Market Report for December 2022, obtained from its website.
According to the report, Nigeria's oil production from secondary sources average of 1.158 million barrels per day in November 2022 to regain the top spot in Africa ahead of Libya's 1.31 mb/d in November 2022.
Nigeria's oil production according to OPEC now best in Africa Credit: OPEC Source. The report also showed oil production figures by direct communication(which is the official figure submitted by NNPC) Nigeria's oil production increased to 1.186 million per barrel a day.
The average crude oil price in the month of November is $87.38 per barrel. When the 1.18 million barrels per day is calculated this means in 30 days Nigeria produced $97 million daily or $3.09bn(N1.33 trillion) within the month, worth of crude oil.
OPEC report reads: “According to secondary sources, total OPEC-13 crude oil production averaged 28.83 mb/d in November 2022, lower by 744 tb/d m-o-m.
Crude oil output increased mainly in Nigeria and Angola, while production in Saudi Arabia, the UAE, Kuwait and Iraq declined." Africa's oil producers' secondary communication figures daily production
Nigeria- 1.158 million (From 4th in October 2022)
Libya- 1.133 million
Angola- 1.102 million
Algeria- 1.022 million
Congo- 259,000
Gabon- 207,000
Equatorial Guinea- 69,0000
Global-ranking oil producers;
Saudi Arabia- 10.474 million
UAE- 3.037 million
Kuwait- 2.685 million
Iraq- 4.465 million
IR Iran- 2.559 million
Nigeria- 1.158 million(improvement from 8th in October 2022)
