Nigeria - Crude Oil and Condensate Production
Since 2014, Nigeria Crude Oil and Condensate Production decreased by 1.6% year on year. In 2019, the country was number 11 comparing other countries in Crude Oil and Condensate Production at 2,020.88 Thousand Barrels Per Day. Nigeria is overtaken by Kuwait, which was ranked number 10 at 2,678 Thousand Barrels Per Day and is followed by Kazakhstan with 1,902.51 Thousand Barrels Per Day. United States topped the ranking with 12,231.59 Thousand Barrels Per Day in 2019, an increase of 11.3% compared to 2018. Russia, Saudi Arabia and Iraq respectively ranked number 2, 3 and 4 in this ranking. Libya witnessed the best average annual growth at +18.7% per year, while Venezuela was the worst growing country at -20.1% per year.
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| Date | Thousand Barrels Per Day |
|---|---|
| 2019 | 2,020.88 |
| 2018 | 1,921.73 |
| 2017 | 1,889.71 |
| 2016 | 1,821.69 |
| 2015 | 2,119.07 |
How does Nigeria rank in Crude Oil and Condensate Production?
| # | 49 Countries | Thousand Barrels Per Day | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
United States
|
12,231.59 | 2019 | +11.3 % | +6.8 % | View data | |
| 2 |
#2
Russia
|
11,291.64 | 2019 | +0.8 % | +1.3 % | View data | |
| 10 |
#10
Kuwait
|
2,678.00 | 2019 | -2.1 % | -1.1 % | View data | |
| 11 |
#11
Nigeria
|
2,020.88 | 2019 | +5.2 % | -1.6 % | View data | |
| 12 |
#12
Kazakhstan
|
1,902.51 | 2019 | +0.1 % | +2.3 % | View data | |