in

In 2018, Nigeria extracted ‘more than 24% of crude oil in Africa’

In 2018, Nigeria extracted ‘more than 24% of crude oil in Africa’

The International Energy Agency (IEA) says in 2018, Nigeria extracted more than 24 percent of crude oil in Africa.

This was disclosed in the IEA’s ‘World Energy Balances 2020’ report.

According to the statistics, contributions by various regions to global energy production were stable in 2018, although Africa contributed eight percent to the total figure.

“In 2018, Africa produced 1,169 million tonnes of oil equivalent (Mtoe) of energy. African production is dominated by oil (35 percent) and biofuels and waste (32 percent), followed by natural gas (18 percent) and coal (13 percent). Altogether, Africa produces 1.4 times the energy it needs,” the report read.

“West Africa was the main producer of crude oil in 2018, as Nigeria extracted more than 24 percent of the African crude oil in 2018.

“In 2018, Algeria accounted for almost  40 percent of the natural gas and 18 percent of the crude oil in Africa, while Egypt accounted for 8 percent of crude oil and 25 percent of natural gas.

“South Africa produced 92 percent of African coal in 2018, whereas Angola was the third biggest producer of crude oil in Africa, with 18 percent of the region’s production.”

The report further disclosed that Africa’s crude oil production increased by 2 percent compared to 2017.

“It was led by Libya (26 percent), Congo (22 percent) and Nigeria (6.5 percent). The production increased also in South Sudan, Ghana and Other Africa (5 percent, 6 percent and 11 percent, respectively) but decreased in Angola (-9 percent), Algeria (-2 percent) and Egypt (-3 percent),” it added.

“Africa represented 9 percent of world crude oil output and it exported 78 percent of this production in 2018, while importing more than 47 percent of the secondary oil products it consumes.”

RECEIVE ALERTS FROM THECABLE

whatsappicon
twitter

Copyright 2020 TheCable. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from TheCable.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Using SEO To Grow Your Business

Using SEO To Grow Your Business

Tottenham Wolves Europe

What does Arsenal’s FA Cup win mean?