ANGOLA is set to overtake Nigeria as Africa's largest producer of crude oil within a matter of years, according to a report by the International Energy Agency (IEA). In its Africa Energy Outlook special report, the IEA predicts that Nigeria will slip from the top spot in 2016 and won't recover it until at least the early 2020s. Nigeria is producing around 2.37m bbl/d, but this has fallen by around 6% in the space of a year according to data from the US Energy Information Agency, Angola, meanwhile, is currently the world's 17th biggest energy producer with an output of around 1.9m bbl/d of oil. It's growth in reserves, which have quadrupled since 1990 are being driven by offshore exploration and development.
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