Big Capacity Increases, Small Production Gains

Three of Africa’s biggest OPEC producing countries – Nigeria, Angola, and Libya – will increase their productive capacity by 500,000 b/d in the next six to twelve months. But we expect violence, strikes, and natural decline rates to limit total actual production increases from these three countries to only 75,000 b/d in 2019. Africa’s total production should increase by 150,000 b/d next year to 7.4 million b/d.