Related Articles
Forward article link
Share PDF with colleagues

Nigeria is no longer Africa's top dog

Delta violence has forced Nigeria to cede its place as the continent’s top oil producer to Angola—for now

Militant attacks on Nigerian oil pipelines have forced around 0.5m barrels a day of its oil output off line this year, causing the country to cede its place to Angola as Africa's biggest crude producer. In August, Nigerian oil production was just 1.46m b/d, well down from 2m b/d in October 2015. But things could be looking up. ExxonMobil was expected to resume loading oil at the Qua Iboe terminal, Nigeria's largest, after rerouting supplies. The facility has been under force majeure since July. Shell has also lifted force majeure on its Bonny Light exports after patching up a damaged pipeline. Combined export capacity from the facilities is about 0.5m b/d, though it isn't yet clear how much

Also in this section
Gazprom finds it hard to break with Ukraine
18 May 2018
An international court ruling over gas supply contracts has done little to resolve differences between Gazprom and Naftogaz
Uncertain days for Malaysia's oil industry
18 May 2018
The surprise victory of the opposition alliance in Malaysia could lead to a new relationship between the government and Petronas
ExxonMobil and Chevron go big in the Permian
16 May 2018
It is a new era for the supermajors and the west Texas shale basin as the companies plot aggressive growth plans