Africa: Libya Emerges Africa’s Highest Oil Producer As Nigeria’s Output Drops 6.8 Percent to 1.23 Mbpd

Libya has emerged as the highest crude oil producer in Africa following the drop of Nigeria’s output by 6.8 per cent to 1.23 million barrels per day in March 2024, from 1.32 bpd in February 2024.

On the other hand, Libya’s oil output rose by 5.4 per cent to 1.236 million bpd in March 2024, from 1.173 million bpd in February 2024, according to the Organisation of Petroleum Exporting Countries, OPEC.

OPEC, a permanent intergovernmental organisation of 12 oil-exporting developing nations that…