LUANDA, Dec. 31 (Xinhua) -- Angola's average daily oil production reached 1.134 million barrels in the first three quarters of 2024, increasing by 4 percent compared to the same period last year, according to data from Angola's National Petroleum, Gas and Biofuels Agency (ANPG).
The rise follows Angola's exit from the Organization of the Petroleum Exporting Countries (OPEC) on Dec. 21, 2023, driven by dissatisfaction with its production quota of 1.11 million barrels per day. ANPG data indicates that monthly output throughout the first three quarters and November generally exceeded the previous OPEC-mandated cap, except for April, when production fell below the quota, and October, when figures were not disclosed.
Uh-oh! Daily quota reached.
