Gulf Oil and Gas accountACCOUNT

Africa Oil Supply - May 2013

Source: OPEC 5/26/2013, Location: Africa

Share |
Africa’s oil supply is forecast to increase by 70 tb/d to average 2.38 mb/d in 2013, representing an upward revision of 15 tb/d from the previous MOMR. This revision has come from South Sudan and Sudan and Ghana, while the supply outlook for Gabon experienced a downward revision and the other producers forecast remains steady from a month earlier.

South Sudan restarted production in April from Thar Jath field and production is expected to ramp-up slowly to pre-shutdown level. Security concerns remain a major risk factor for return of the halted output. South Sudan and Sudan oil production is expected to increase gradually in 2013 and average 0.19 mb/d, an increase of 80 tb/d from previous year, indicating an upward revision of 15 tb/d compared to previous MOMR.

Ghana’s oil supply encountered an upward revision of 10 tb/d compared to last month on updated production data that came higher than expected. The Jubilee field is reported to produce near peak output of 120 tb/d. Gabon oil supply experienced a minor downward revision on updated production data for the first quarter. On a quarterly basis, Africa oil supply is seen to average 2.32 mb/d, 2.33 mb/d, 2.42 mb/d and 2.45 mb/d respectively.

Oil News in Sudan >>

Iraq >>  3/12/2018 - Mr. Jabbar Ali Al-Luiebi the minister of oil ordered to reduce the importation of the oil Derivatives by 25% to save money to the federal budget. ...
Egypt >>  3/1/2018 - Saudi Aramco, the world’s largest oil producer, agreed to supply Egyptian refineries with crude oil for six months, starting January 2018, Egypt’s Pet...

Libya >>  3/1/2018 - PetroChina Co. agreed to an annual contract to buy Libyan crude after similar deals by oil majors like Royal Dutch Shell Plc and BP Plc, underscoring ...
United Arab Emirates >>  2/22/2018 - The Abu Dhabi National Oil Company (ADNOC) has concluded an exclusive agreement with Chemlube S.A., appointing the Switzerland based company as the ex...

Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 

Sudan Oil & Gas 1 >>  2 | 3 |

More News


Oil & Gas Companies in Sudan >>

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.