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Africa Oil Supply - February 2013

Source: OPEC 2/24/2013, Location: Africa

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Africaís oil supply is forecast to average 2.38 mb/d in 2013, representing growth of 60 tb/d from the previous year and a downward revision of 40 tb/d, compared with the previous month. South Sudanís and Sudanís oil supply saw a downward revision of 30 tb/d on the back of further delays, due to political issues, of the restart of South Sudanís production. Data remains very limited regarding both Sudanís and South Sudanís production and could cause major revisions to the forecast, once available.

Ghanaís oil supply is expected to support the outlook in 2013 on the back of continued ramp-up of the Jubilee project. On a quarterly basis, Africaís supply is seen to average 2.28 mb/d, 2.36 mb/d, 2.43 mb/d and 2.45 mb/d, respectively.

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