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Libya surpasses Nigeria as Africa’s biggest oil producer

Libya surpasses Nigeria as Africa’s biggest oil producer

According to a new report from the Organization of Petroleum Exporting Countries, Nigeria has lost its position as Africa's top oil producer to Libya, as crude oil production fell even more last month due to persisting supply problems. Nigeria reported OPEC that its oil output decreased to around 1.23 million barrels per day in October, down from roughly 1.25 million bpd the month before, according to the cartel's latest report released on Wednesday. According to OPEC, Libya's oil production increased to 1.24 million bpd in October from 1.16 million bpd in September, after it overtook Angola as the continent's second-largest producer in December last year. OPEC monitors its oil output through secondary sources, but it also publishes a table of numbers given...

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