Nigeria Loses Africa's Top Oil Producer Spot to Angola

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Nigeria Loses Africa's Top Oil Producer Spot to Angola
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Nigeria Loses Africa's Top Oil Producer Spot to Angola: Nigeria

Oil analysts say Nigeria's production struggle is coming at the worst time, as oil prices have jumped, partly because of Russia's invasion of Ukraine.

That allowed Angola to pass Nigeria in monthly oil production for the third time this year. The other months were May and June. The Nigerian National Petroleum Corporation said recently that thieves from all levels of society, including religious groups, were stealing 200,000 barrels of crude oil per day.

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