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OPEC: Nigeria now second largest producer in Africa as oil output rises to 1.18m bpd

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The Organization of the Petroleum Exporting Countries (OPEC) says Nigeria’s oil production increased to 1.18 million barrels per day (bpd) in August 2023 — up from 1.08 million barrels in July.

In its monthly oil market report released on Tuesday, the oil cartel said Nigeria fell behind Libya on the list of Africa’s largest crude oil producers.

OPEC said the country’s output performance was based on direct communication covering the month of August 2023.

Although the 100,000 barrels increase pushed Nigeria up from its previous third place to the second position and was not enough to displace Libya, it, however, closed the gap between the West African country and the North African nation.

Data released by the organisation showed that Libya increased its crude oil level from 1.17 million bpd to 1.92 million bpd to retain the number one spot.

Others on the top five list are Angola, Algeria, and Congo — retaining the third, fourth, and fifth positions, respectively. The three countries reported a decline in their crude oil output in August, according to OPEC.

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Angola produced 1.12 million bpd in the review month, recording a decrease in its output when compared with July’s production figure of 1.14 million bdp.

The oil cartel said Algeria’s output level fell to 939,000 bpd, in contrast with the previous month’s 955,000 barrels. Also, Congo recorded the same fate — closing August with 272,000 bdp against July’s 282,000 barrels.

OPEC secondary sources reported that the 13 OPEC members produced a combined 27.45 million bpd in the month under review, with Iran, Nigeria and Iraq contributing largely.

“According to secondary sources, total OPEC-13 crude oil production averaged 27.45 mb/d in August 2023, higher by 113 tb/d m-o-m,” OPEC said.

“Crude oil output increased mainly in IR Iran, Nigeria and Iraq, while production in Saudi Arabia, Angola and Venezuela decreased.”

But contrary to the report by OPEC, Mele Kyari, the group chief executive officer (GCEO) of Nigerian National Petroleum Company (NNPC) Limited said Nigeria produced 1.67 million bpd in August, inclusive of condensate.

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Nigeria’s oil output (including condensate) was 1.29 million bpd in July, while the figure stood at 1.48 million bpd in June.

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Ogbomoso pupils, teachers rescue a big relief to Nigeria – Tinubu

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President Bola Tinubu on Friday evening said the rescue of the abducted pupils and teachers from schools in Oriire LGA of Oyo state has brought relief to the entire nation.

The president’s special adviser on information and strategy, Bayo Onanuga, said in a statement that Tinubu “expressed profound joy” over the successful rescue of the victims.

Onanuga said the president commended the military, the Department of State Services (DSS), and the police “for working round the clock in the last 56 days to secure the release of the abducted children and their teachers without any collateral damage and for arresting eight of the abductors and neutralising others.”

Onanuga said Tinubu also expressed regret over the suffering endured by the children, their teachers, their families, and the nation since the abduction.

The president praised the Oyo state government for working closely with the federal government throughout the rescue operation and urged the state to strengthen security around schools.

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“I am profoundly happy that our security forces successfully rescued the abducted pupils and teachers from Orire, Ogbomoso in Oyo State today after a military, police and intelligence-driven operation that neutralised some of the terrorists that perpetrated the evil act and the arrest of eight of them,” the statement reads.

“This successful military operation has ended the siege and standoff of over 50 days and has brought relief to the entire nation and the affected families in particular. 

“On behalf of the country, I express my gratitude to the officers and men of our armed forces, the intelligence agencies and the police for the safe rescue of the children and their teachers.

“My government will get justice for these children and their teachers and for the family of Mr Oyedokun, who the terrorists gruesomely murdered.

“I must commend the government of Oyo State for working cooperatively with us in bringing this unfortunate incident to a successful end.”

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The president also directed emergency agencies to work with the Oyo state government to provide the rescued children and teachers with all necessary medical care and relief support.

According to reports, the pupils and their teachers were rescued during a joint operation involving personnel of the Nigerian Army and the police, backed by intelligence from the DSS.

A security source said at least nine of the bandits were killed during the operation, while eight were arrested and are in the custody of the DSS.

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Makinde thanks Tinubu over rescue of abducted Ogbomoso pupils, teachers, says it’s a big relief

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Governor Seyi Makinde of Oyo state has said that he is overjoyed following the rescue of pupils and teachers abducted in Oriire LGA of the state.

The victims regained their freedom on Friday after spending 56 days in captivity, following a coordinated operation involving the military, the Department of State Services (DSS) and the police.

Speaking with Channels Television shortly after the rescue, Makinde described the development as a huge relief for the state.

He thanked President Bola Tinubu for pushing for their release.

“It is such a big relief for all of us. Just right now, I am overjoyed and can hardly say much,” the governor said.

“I use this opportunity to say a big thank you to all the service commands, the police, DSS, military and, of course, the president for pushing for their release.”

On May 15, gunmen attacked Baptist Nursery and Primary School, Yawota; Community Grammar School, Esiele; and LA Primary School in Ogbomoso, all in Oriire LGA.

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The sad incident prompted the Oyo state government to shut schools in four LGAs as security agencies intensified rescue efforts.

Protests were organised in some parts of the country to demand the rescue of the abducted schoolchildren.

On May 18, Makinde said one of the teachers abducted during the attack was killed in captivity.

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Eight kidnappers arrested, others killed – Presidency

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Following the heart-warming news of the rescue of the pupils and teachers abducted in Orire Local Government Area of Oyo State, the Presidency has confirmed that eight of the kidnappers have been arrested and are now in the custody of the Department of State Services, while some others were neutralised during the operation.

Bayo Onanuga, special adviser to the president on information and strategy, disclosed this in a follow-up post on his verified X handle on Friday after he announced the victims’ release.

Onanuga said no concession was made to the terrorists to secure the freedom of the abducted pupils and teachers.

Onanuga explained that the kingpin whose release the kidnappers had demanded was neither freed nor spared, as he remains under prosecution for offences linked to his terrorist activities.

He wrote, “Updated: in the course of the rescue operation, eight of the kidnappers were arrested and are now in DSS custody, while some of them were neutralised.

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“There was no quid pro quo in the rescue as one of the terrorists, a kingpin, that the kidnappers demanded his release, is being prosecuted for his atrocities. The security agencies will give full account soon.”

He added that security agencies would soon provide a comprehensive account of the operation.

The pupils and teachers had spent weeks in captivity after gunmen stormed three schools in the Esiele and Yawota communities of the local government area on May 15, killing a teacher and later beheading another in a video that sparked national outrage.

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