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Africa Oil Supply in May 2015

Source: OPEC 5/12/2015, Location: Africa

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Africa’s oil supply is projected to average 2.42 mb/d in 2014, an increase of 20 tb/d from the previous year, unchanged from the previous MOMR. Oil production growth from mainly shut-in wells in Sudan was the main driver for growth in Africa. The Republic of Sudan as well as South Sudan added a total of 50 tb/d to their production to average 0.29 mb/d in 2014. Oil output in other African countries was either stagnant or declining, except Equatorial Guinea, which showed minor growth of 10 tb/d. On a quarterly basis, Africa’s oil supply in 2014 stand at average 2.44 mb/d, 2.41 mb/d, 2.40 mb/d and 2.41 mb/d, respectively.



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