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Africa Oil Supply - January 2013

Source: OPEC 1/27/2013, Location: Africa

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Africa’s oil supply is projected to average 2.42 mb/d in 2013, an increase of 90 tb/d from the previous year and a downward revision of 30 tb/d from the previous MOMR. South Sudan and Sudan’s supply is expected to average 0.24 mb/d in 2013, an increase of 0.12 mb/d from the previous year and a downward revision of 20 tb/d from the previous MOMR. The downward revision came on the back of updated estimated production data for the fourth quarter of 2012 that was partly carried over to 2013. The expected growth from South Sudan and Sudan is associated with a high level of risk, as the agreement between the two nations regarding oil transport is yet to be realized.

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