https://en.sputniknews.africa/20240412/libya-overtakes-nigeria-as-continents-top-crude-oil-producing-state-1066037987.html
Libya Overtakes Nigeria as Continent's Top Crude Oil Producing State
Libya Overtakes Nigeria as Continent's Top Crude Oil Producing State
Sputnik Africa
Libya is known for its significant oil reserves and production. The country has the largest proven oil reserves in Africa, according to Statista, and is a... 12.04.2024, Sputnik Africa
2024-04-12T17:20+0200
2024-04-12T17:20+0200
2024-04-12T17:20+0200
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Libya overtook Nigeria as the continent's top crude oil producing state.Nigeria's output fell 6.8% to 1.23 million bpd in March 2024 from 1.32 bpd in February 2024, according to the latest OPEC report.Meanwhile, oil production in Libya increased by 5.4% to 1.236 million barrels per day in March 2024 from 1.173 million barrels per day in February 2024.Despite a decrease in Nigeria's crude oil production, the country is making progress in the oil refining sector, with Dangote refinery starting to sell petroleum products to domestic market in April.
https://en.sputniknews.africa/20240108/libyan-national-oil-corporation-declares-force-majeure-at-sharara-oilfield-amid-protests-1064514152.html
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economy, libya, nigeria, organization of petroleum exporting countries (opec), west africa, aliko dangote, north africa
Libya Overtakes Nigeria as Continent's Top Crude Oil Producing State
Libya is known for its significant oil reserves and production. The country has the largest proven oil reserves in Africa, according to Statista, and is a member of the Organization of the Petroleum Exporting Countries (OPEC).
Libya overtook Nigeria as the continent's top crude oil producing state.
Nigeria's output fell 6.8% to 1.23 million bpd in March 2024 from 1.32 bpd in February 2024, according to the latest OPEC report.
Meanwhile,
oil production in Libya increased by 5.4% to 1.236 million barrels per day in March 2024 from 1.173 million barrels per day in February 2024.
Despite a decrease in Nigeria's crude oil production, the country is making progress in the oil refining sector, with
Dangote refinery starting to sell petroleum products to domestic market in April.
