Monday, July 27, 2009

OPEC Says Angola Edges Past Oil Giant Nigeria

ABUJA, Nigeria 24 July 2009 Sapa-AP

OPEC: ANGOLA EDGES PAST OIL GIANT NIGERIA

OPEC says Nigeria has lost its spot as Africa's top oil
producer.

Nigeria's oil minister blames militants who have increased
attacks on oil facilities in the Niger Delta.

The oil cartel's July report says Nigeria's production dropped
2.46 percent in June to 1.746 million barrels per day. In June
Angola ramped up production to grow by 2.92 percent to 1.796
million barrels per day.

Nigerian Oil Minister Rilwanu Lukman says output is falling
because of attacks by the Movement for the Emancipation of the
Niger Delta. Fighters have been attacking oil installations,
kidnapping workers and fighting government troops since 2006 in
what it calls a protest against poverty in the Niger Delta.

Nigeria is usually Africa's top oil producer.

Angola's output last topped Nigeria's in April 2008.

No comments: