Top 10 Oil-Producing Countries In Africa

Oil is one of the most fundamental and important resources in the modern world. Since it is necessary for the manufacturing of gasoline, diesel fuel, jet fuel, and many other items. Barrels per day are used to quantify all the production. The majority of oil-producing nations produce thousands, even millions of barrels per day with their overall output frequently being constrained by market factors rather than their ability to produce oil. Africa is one of the richest continents in the world when it comes to Natural Resources like crude oil, gas, and many more. If you want to know the top 10 oil-producing countries in Africa stay with me until the end of this article.

Number 10 South Sudan

Most of the oil production capacity is now in South Sudan after its independence from Sudan in 2011. But it has to use Sudan’s export pipelines and Port which makes the two countries dependent. Unified Sudan was the second-largest non-OPEC oil producer in Africa before it split in 2011. The division has led to a decline in oil production for both countries. 

They are now ranked as the fourth largest non-OPEC African oil producer. The amount of crude oil produced by South Sudan in July 2022 was 156 000 barrels per day. Despite significant fluctuations in recent months South Sudan’s crude oil production generally increased from August 2021 to July 2022 reaching a peak of 156 000 barrels per day in July 2022.

Number 9 South Africa

In terms of global oil production, South Africa runs for the first overall and is the ninth largest oil producer in Africa. It produces about 160 000 barrels per day. Only 15 million barrels of confirmed crude oil reserves are present in South Africa and as oil fields deteriorate so does the country’s crude oil output. The two main advantages of South Africa’s oil sector are its huge economy and well-developed infrastructure. It has the second-largest capacity for crude oil refining in Africa.

Number 8 Ghana

172 000 barrels per day, oil has undoubtedly grown to be one of Ghana’s main economic drivers over time. Since the previous few decades, the nation’s oil and gas industry has undergone a significant transformation. In 2007 the country made its first deep-water oil and gas discovery. Despite this and perhaps more so because the country’s hydrocarbon sector is still relatively young. Oil has become one of the nation’s most valid exports and a significant contributor to GDP. Ghana is the eighth largest oil producer in Africa with around 660 million barrels of proven oil reserves. The two oil fields that contribute the most to production are Jubilee and Tweneboa Enyenra Ntomme and as an offshore basin investment rises and new projects the deep water tunnel Cape Three Points managed by acre common line. Production is anticipated to rise up to 420 000 barrels per day in 2023. 

Number 7 Gabon

Oil production is dropped since reaching the peak of 370 000 barrels per day in 1997. 2022 production forecasts predict a daily output of 195 000 barrels per day. The country is currently devoted to enhancing exploration and raising output which can be largely ascribed to aging oil fields and a lack of investment. Gabon wants to entice investment and growth through changes made to the hydrocarbon crude in 2019 which have strengthened the regulatory framework’s flexibility.

Number 6 Republic of Congo

275 000 barrels per day, the Congo anticipates a study-wise in production as new fields come online. Moho Bilondo the first deepwater field to be developed in the nation has sparked fresh interest in producing foods and increased production in Congo. Additionally, Zenith Energy obtained a 25-year license to keep running the tilapia oil field which began in 2021, and as exploration picks up across the nation the signs of progress for production are promising.

Number 5 Egypt 

With a projected 556 440 barrels per day of oil production in 2022. Egypt occupies the fifth rank as Africa’s top oil producer. The nation is trying to improve exploration with a focus on drilling new worlds as demand from European markets increases. The nation inked 84 petroleum agreements with foreign companies between 2014 and 2020 and it plans to expand exploration, even more, this year 2022. 

Number 4 Libya

946 000 barrels per day, despite having 46.4 billion barrels of the continent’s largest proven oil reserves. Libya’s production has fallen dramatically due to political unrest and the lack of oil fields. The nation produced about 1.17 million barrels per day in 2021 but production has decreased as the political climate has gotten worse. Due to normal infrastructure and export blockades production in 2022 is especially vulnerable. Once political stability has been restored there is hope that output levels will increase again.

Number 3 Algeria

Algeria is determined to raise output above pre-pandemic levels of 1.3 million barrels per day making it the third largest oil producer in 2022. Production Is forecasted to be 970 000 barrels per day in 2022 up from 874 000 barrels in 2021. The North African nation which has the second largest proven oil reserves on the continent with upwards of 12 billion barrels is dedicated to maximizing reserves through stepping up exploration and investments.

Number 2 Nigeria

Nigeria produced about 1.02 million barrels per day in May 2022. Fall into the second largest produced from the continent from 1.3 million barrels per day. According to current projections, the Organization of Petroleum Exporting Countries (OPEC) members anticipate that the peak production with occurs in 2023 with offshore projects accounting for 65 of the nation’s output levels in 2022. Production decreases are to be anticipated starting in late 2023 until deep water projects like the Bonga Field which is expected to attract 10 billion dollars in additional investment and add 150 000 barrels per day to domestic supply come online. 

Number 1 Angola

1.16 million barrels per day the largest oil producer in Africa is now Angola surpassing Nigeria with non-oil results for over 9 billion barrels. Angola is dedicated to maximizing the potential of its hydrocarbon industry. Production is observed at 1.16 million barrels per day in 2022 but as the country’s six-year licensing period and policy reforms get going this number is expected to rise. For 2022, fresh exploration campaigns and asset maximizing also pertained to a new era of growth.

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