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It was created on January 27, 1987, in Lagos, Nigeria, to serve as a platform for cooperation and harmonization of efforts, collaboration, sharing of knowledge and skills among African oil producing countries. The headquarters of the organization is in Brazzaville in the Congo. The Organization changed its name from African Petroleum Producers ...
Top 5 oil producing countries 1980–2022 World oil production. This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2023, tabulating all countries on a comparable best-estimate basis.
Sudan's oil exports in 2010 are estimated by the United States Department of State at US$9 billion. Five countries dominate Africa's upstream oil production. Together they account for 85% of the continent's oil production and are, in order, from highest to lowest output: Nigeria, Libya, Algeria, Egypt and Angola.
The Tilenga project, which includes the development of six oil fields in the Lake Albert region, is key for the company to reach its 2% to 3% production growth targets by 2026, says Ahmed Ben ...
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The Organization of the Petroleum Exporting Countries ( OPEC, / ˈoʊpɛk / OH-pek) is an organization enabling the co-operation of leading oil-producing countries in order to collectively influence the global oil market and maximize profit. It was founded on 14 September 1960 in Baghdad by the first five members ( Iran, Iraq, Kuwait, Saudi ...
The International Monetary Fund on March 8 released its Executive Board's assessment of Angola's economy said "heavy dependence on the oil sector" put Luanda at a high risk of missing the 0.5% ...
Petroleum industry in the Republic of the Congo. Oil and Gas dominate the resource sector of the Republic of the Congo ( French: République du Congo ), also referred to as Congo-Brazzaville, with the petroleum industry accounting for 89% of the country's exports in 2010. [1] As of June 22, 2018, is a full member of the Organization of the ...