Sub-Saharan Africa
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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).
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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.
Libyan National Oil Corporation Declares Force Majeure at Sharara Oilfield Amid Protests
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.