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Africa Oil Supply - May 2016

Source: OPEC 5/30/2016, Location: Africa

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Africa’s oil supply decreased by 10 tb/d y-o-y to average 2.37 mb/d in 2015 and is expected to see a further contraction of 30 tb/d in 2016, to average 2.34 mb/d. Declines are expected from Egypt, Equatorial Guinea, Gabon and the Sudans, while production in the Congo and some other African countries is expected to grow, though oil production in Chad and South Africa will be unchanged in the current year.

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