Africa's top oil-producing countries by capacity as of June 2021

Despite the drop in production over the past decade, Nigeria remains Africa's largest oil-producing country. According to data from Trading Economics, it ranked 15th among the world's oil-producing countries as of June 2021. Here are the largest oil-producing countries in Africa:

Trading Economics
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Five African countries accounted for 61% of the continent's daily oil consumption in 2022
In 2022, Egypt, South Africa, Nigeria, Algeria, and Morocco collectively consumed an average of 2.712 million barrels of oil per day (Mb/d), 61% of the continent's daily oil consumption (4.478 Mb/d). African countries consumed 4.7% of the global usage (99.8 Mb/d). Egypt used the most (850.5 thousand barrels per day (Kb/d)), followed by South Africa (601.2 Kb/d) and Nigeria (514.5 Kb/d).

Nigeria's PMS imports increased by 55% from 2010 to 2022, with 245 billion litres imported in that period
Between 2010 and 2022, Nigeria imported 245 billion litres of Premium Motor Spirit (PMS), popularly called petrol, with the highest imports recorded in 2022. Here is the volume of PMS imported into the country in 13 years from 2010.

Nigeria's crude oil exports surge to ₦29 trillion in 2023, marking a record high
Crude oil exports, which made up 81% of Nigeria's export value in 2023 have increased in three consecutive years since 2021. After a 36% decline in 2020, exports increased by 53% in 2021, 46% in 2022, and 37% in 2023 to reach ₦29 trillion.

Pump price of petrol increased by over 200% within two months in 2023
The pump price of petrol in Nigeria increased from ₦189 to ₦617 between May 29, 2023 and July 18, 2023, a 226% increase within two months. The announcement of the removal of petrol subsidy led to a sharp increase in its pump price.

Nigeria's crude oil production from 2010 to 2020
The Petroleum Industry Bill passed in July 2021 is expected to transform the oil and gas industry. Nigeria's oil production dropped from 2.1m barrels per day in 2019 to 1.798m barrels per day in 2020. Here's a representation of the country's oil production over the years:

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