Saturday, 6 January 2018

Top 10 Highest Oil Producing Countries In Africa 2018

top-10-highest-oil-producing-african-countries

Africa is filled with a lot of mineral resources and one of these resources is oil
,this article contains the top 10 highest oil producing African countries in 2018. 

No doubt, Africa is blessed and rich in natural mineral resources,16 of the total 54 countries in the continent are strong exporters of oil. 
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The continent has a heavy presence of foreign oil explorers like Shell,Chevron,Schlumberger Etc

Lets quickly take a look at some of the top producers of oil in Africa,starting from the 10th position. 

Top 10 Highest Oil Producing Countries In Africa 2018

10. South Africa

South Africa holds down the 10th position with an average of 190,000 barrels of oil in a day. 

South Africa is also among the strongest an richest economies in Africa.
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9. Gabon

Gabon is an country located alonng the Atlantic coast of Central Africa.The country has a lot of diverse rich wildlife and also has an abundance of oil.

With an average production of about 241,700 barrels of oil in a day,Gabon holds down the 9th position as one of the largest oil producer in Africa.

8. The Republic of Congo

Despite the civil wars and militia conflicts that has plagued the country,this oil rich African country still manages to produce large quantities of oil and holds down the number 8 spot.

7. Equatorial Guinea

Equatorial Guinea discovered its large oil reserves in 1996 and is the third-largest oil producer in Sub-Saharan Africa and the seventh largest oil producig country in Africa.

The country’s oil industry produce an average of 346,000 barrels everyday.

6. Sudan

Sudan is the sixth largest producer of oil in Africa.
The primary importers of Sudanese oil are Japan, China, South Korea, Indonesia, and India,oil is the most important source of income for Sudan.

Sudan produces about 487,000 of oil per day. 

5. Egypt

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Egypt has the sixth largest proved oil reserves in Africa and one of the top oil producers in the continent. Egypt produces about 600,000 oil barrels a day.

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The pharaohs exports only 89,000 barrels a day, which allows most of it's oil to circulate in its domestic market.

Egypt is the fifth-largest oil producing country in Africa. 

4. Libya

Libya's first productive oil well was struck in 1959 at Amal and Zelten,now known as Nasser.
Oil reserves in Libya are the largest in Africa and among the ten largest globally with 46.4 billion barrels as of 2010. Libya's Oil production is 1.65 million barrels per day.
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With the quantity of Libya's oil reserve,it means that Libya currently has the reserve to last 77 years if no new reserves were to be found.

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Libya is the fourth largest oil producer in Africa.  

3. Algeria

Algeria is among the top 3 largest producer of oil in Africa with a statistic that shows that Algeria produces about 2.5 million barrels per day. 

However currently,Algeria's production rates has dropped tremendously.   

2. Angola

Located on the Atlantic coast in the southern part of Africa, the Republic of Angola is the second largest oil producer in Africa. 

The country has a population of about 27.5 million people. Angola produce about 1.69 million barrels of oil in a day. Angola once overtook Nigeria as the largest producer of oil in Africa.

1. Nigeria

Nigeria currently produce about 2.53 million barrels (402,000 m3) per day and is the current largest producer of oil in Africa. 

This has dropped from the usual production capacity of over 3 million barrels per day.

Nigeria also has the 2nd largest oil reserves second to Libya. Nigeria is also a major supplier of oil to the United States.

Despite all the natural resources and wealth abound in Africa,most citizens of African Nations are still impoverished. 

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