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Africa Oil Supply - December 2015

Source: OPEC 1/1/2016, Location: Africa

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Africa’s oil supply is projected to average 2.34 mb/d in 2015, a decline of 20 tb/d y-o-y. 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. While Chad, Congo and Africa Others will see supply declines, other countries, such as Egypt, Gabon and South Africa, will see steady production in 2015.

On a quarterly basis, Africa’s oil supply in 2015 is expected to average 2.38 mb/d, 2.37 mb/d, 2.31 mb/d and 2.31 mb/d, respectively.

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