Nigeria’s and Angola’s oil output is likely to continue to fall short of Opec+ quotas this year
Nigeria and Angola struggle to reverse quota failures
The inability of Opec+ to meet its increased production target is due in part to significant shortfalls from the two African suppliers
Nigeria’s and Angola’s oil output is likely, for differing reasons, to continue to fall short of Opec+ quotas in 2022 and might continue to underperform in coming years. “Nigerian production had a bad year in 2021,” says Richard Bronze, head of geopolitics at consultancy Energy Aspects, due “to a combination of various technical issues and disruptions as well as a general backdrop of insufficient investment to sustain capacity”. Many of Nigeria’s most prominent crudes were impacted by technical or operational problems, particularly in the second half of the year. Most of these issues are temporary and can be fixed, says Gail Anderson, research director at consultancy Wood Mackenzie. But “in
Also in this section
17 June 2025
Israel’s attack on Iran caught oil firms with low inventories due to their efforts to protect themselves from falling prices, creating a perfect storm
17 June 2025
Sound development planning is essential in this diverse and rapidly evolving region
16 June 2025
The launch of the much-needed yet oft-delayed Africa Energy Bank remains shrouded in questions and funding constraints, but its potential is clear
16 June 2025
BP and partners have reached a $2.9b FID on a new phase at Shah Deniz, but slow progress on other gas projects is attributed to a lack of European support
