Business Oil Theft: Nigeria may Lose Top Spot to Angola- Daily Trust

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Oil theft looks set to push Nigeria off its spot as top African crude oil exporter in May and exports could fall to their lowest since records began in 2009, data indicated yesterday.

Nigerian exports in May are set to be at around 1.59 million barrels per day (bpd) excluding the Forcados and Ebok grades of crude oil, which had still not emerged.

Exports are far below the highs above 2.2 million bpd reached in 2011 and the May figure is set to fall beneath the exports of Angola, which is usually the continent’s second largest exporter.

Click source for more details: Daily Trust

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