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10 facts about Africa’s top oil producing countries

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Many people think of Nigeria, Algeria and Angola when they hear about Africa’s top oil producing countries, but these three countries only make up 17% of the continent’s total production volume.

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The following 10 countries account for 83% of the continent’s oil production. Have you ever wondered which countries are responsible for this large amount?

Read on to find out! For more information about Africa’s top oil producing countries, keep reading this article!

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Nigeria

1) Nigeria
Over 73 million barrels of crude were produced in 2016, with a total production value over $12 billion. According to estimates by OPEC, Nigeria is set to increase its annual crude oil production to an estimated 1.2 million barrels per day by 2019. This suggests that it will overtake Iraq as OPEC’s second-largest producer in terms of daily output.

Angola

2) Angola
One of Africa’s major producers, Angola exported an average of 796,000 barrels per day in 2012. Despite political unrest and difficult regional relationships with its neighbors, Angola remains one of Sub-Saharan Africa’s leading oil producers.

Equitorial Guinea

3) Equatorial Guinea
While not as well known as some of its neighbors, Equatorial Guinea is among Africa’s largest oil producers. According to estimates from U.S. Energy Information Administration (EIA), it produced around 380,000 barrels per day in 2013 and has proven reserves that could last past 2040 at current production levels. Just how does it rank against other African nations?

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Republic of Congo – Flag

4) Republic of Congo
The second-largest country in Africa (after Algeria), Republic of Congo is also known as Congo-Brazzaville. It has proven crude oil reserves of 17 billion barrels. It produces on average 400,000 barrels per day, which account for 5% of African oil production. The country’s most important export partners are China and France.

Gabon – Flag

5) Gabon
Gabon is Africa’s second largest crude oil producer. The country produces approximately 740,000 barrels of crude per day. In 2014, Gabon produced 1.86 million bbl/d of liquids and 265 million cubic feet of natural gas per day. Oil production makes up roughly 40% of Gabon’s GDP and 90% of its exports. Oil sales also generate more than half of government revenue.

South Sudan

6) Republic of South Sudan
The Republic of South Sudan has been an official country since July 9, 2011. It has been considered a priority for many African-American politicians and government officials, including Former U.S. Secretary of State Colin Powell and Barack Obama. The new nation was formed after a civil war with Sudan ended in 2005, with its foundation date as birth date being July 9, 2011 when it officially became an independent country. It is also home to many bird species that migrate there every year during their breeding season.

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Algeria

7) Algeria
Algeria, in northwestern Africa, has been a leading supplier of crude oil to Western Europe for decades. The country has very large reserves and is one of OPEC’s founding members. Algeria produces 1.5 million barrels per day and exports more than half its supply through its state-owned Sonatrach corporation. Oil accounts for 95 percent of Algeria’s government revenue, 60 percent of export earnings and 15 percent of GDP.

Libyan flag

8) Libya
Libya is Africa’s most significant source of light crude oil, and also has an established refining sector. It is OPEC’s 12th largest producer of crude oil. The bulk of Libya’s production comes from three fields: The Nafoura and Zueitina fields in western Libya; and offshore, from a number of giant fields extending along its Mediterranean coastline—Agrico, Bahr Essalam, Al Jurf, Abu Attifel, Hasana and Murzuk.

Cameroon flag

9) Cameroon
Favorable geographic location, favorable resource endowment, and an effective regulatory environment have combined to make Cameroon one of Africa’s fastest-growing economies. The country’s oil sector is poised for major expansion with new discoveries made offshore that could substantially increase production. Cameroon has proven crude reserves of 1.5 billion barrels and proven natural gas reserves estimated at 48 trillion cubic feet.

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São tomé and príncipe

10) São Tomé and Príncipe
The smallest African country, Sao Tome e Principe is an island nation off of Africa’s western coast. The archipelago is host to a few small rivers with fossil fuels along their banks. Oil production represents 60% of Sao Tome e Principe’s GDP and 90% of its exports. However, these fossil fuels are running out and aren’t easily accessible by international markets because they have to be shipped off shore via large tankers.

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