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).

Source:

Source: U.S. Energy Information Administration, International Energy Statistics

Period:

2022
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Africa’s crude oil production
  • Nigeria led with 78.9 Mtoe, accounting for over 22% of Africa’s total oil output.
  • Algeria (59.3 Mtoe) and Angola (57.4 Mtoe) followed closely; the three top producers together supplied] 56% of the continent’s oil.
  • Africa’s total oil production was 345.5 Mtoe, just 7.6% of the global total (4,542.7 Mtoe).
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  • Africa barely produced 0.13% of the global total of gas oil.
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Venezuela and Iran lead globally with ultra-cheap diesel under $0.01, as Libya tops Africa’s chart at $0.028
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  • Nigeria ranks second with 37.3 billion barrels, accounting for about 27% of reserves among top holders.
  • Algeria holds 12.2 billion barrels, rounding out the top three and far ahead of other nations.
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  • Egypt ranks third with 23 rigs, while Libya maintains 18 rigs despite its fluctuating political climate.
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