Main oil producing countries in Africa 2020
Nigeria was the leading oil producer in Africa as of 2020. Oil production amounted to 86.9 million metric tons in the country. Angola and Algeria followed with 64.5 million and 57.6 million metric tons, respectively. In the same year, the overall production of oil in Africa, including crude oil, shale oil, oil sands, and NGLs, reached 327.3 million metric tons. Moreover, the African output of oil per day amounted to some 8.4 million barrels in 2019, variating minimally compared to the previous year.
Main producers, main exporters
While being the main oil producer in Africa, Nigeria was also the largest crude oil exporter in the continent. The country sold more than two million barrels of oil daily to the international market in 2019. Angola and Lybia followed, with an export volume of roughly 1.31 million and 1.03 million barrels per day, respectively. North and West Africa's contribution to the global oil exports reached nearly nine percent as of 2020.
Reserves and refinery capacity
Africa’s crude oil reserves remained stable in 2020, accumulating to 125.8 billion barrels. From a country perspective, Libya had the largest amount of crude oil reserves in the continent, 48.36 billion barrels, while the Nigerian reserves amounted to 36.97 billion barrels. When it comes to oil refining, Egypt led, with a refinery capacity of 814 thousand barrels daily.
Main producers, main exporters
While being the main oil producer in Africa, Nigeria was also the largest crude oil exporter in the continent. The country sold more than two million barrels of oil daily to the international market in 2019. Angola and Lybia followed, with an export volume of roughly 1.31 million and 1.03 million barrels per day, respectively. North and West Africa's contribution to the global oil exports reached nearly nine percent as of 2020.
Reserves and refinery capacity
Africa’s crude oil reserves remained stable in 2020, accumulating to 125.8 billion barrels. From a country perspective, Libya had the largest amount of crude oil reserves in the continent, 48.36 billion barrels, while the Nigerian reserves amounted to 36.97 billion barrels. When it comes to oil refining, Egypt led, with a refinery capacity of 814 thousand barrels daily.
