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Africa Oil Supply - November 2015

Source: OPEC 11/22/2015, Location: Africa

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Africa’s oil supply is projected to average 2.34 mb/d in 2015, a decline of 30 tb/d y-o-y and unchanged from the previous MOMR. In 2015, oil production from Equatorial Guinea and the Sudans is expected to grow by 10 tb/d each to average 0.29 mb/d each. While Chad, Congo and Africa others will see supply declines, other countries such as Egypt, Gabon and South Africa will show steady production in 2015.

On a quarterly basis, Africa’s oil supply in 2015 is expected to average 2.40 mb/d, 2.38 mb/d, 2.29 mb/d and 2.29 mb/d, respectively.

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