Nigeria’s crude oil production rises to 1.5mbpd –

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After hitting two-yea low last month due to Niger Delta militant attacks on oil facilities, Nigeria’s crude oil production has managed to increase from the 1.426 million barrels per day in May to 1.523 million barrels per day in June.

The Organisation of Petroleum Exporting Countries (OPEC), which made this disclosure in its July oil and gas report released on Tuesday, noted that the country’s production has increased by 98,000 barrels per day (bpd).

Nigeria has lost its top Africa producer title to Angola, whose production is nearing two million barrels per day.

According to the OPEC report, Angola, which used to be behind Nigeria in terms of crude oil production, is soaring at 1.773 million barrels per day in the June report.