By Fred Akanni
Qf the four top oil producing countries on the continent, only Libya exports crude oil to energy starved African countries.
Algeria doesn’t export to Africa. Neither does Angola or Nigeria, according to figures from the latest edition of OPEC Statistical Bulletin (See chart).
On the contrary, the much vilified Iran ships 127,000 Barrels of oil every day to African destinations. Saudi Arabia does a little more, exporting 165,000BOPD) to needy countries in the east and west of the continent.
Nigeria, which is Africa’s largest producer, delivers almost half of her crude to North America (1.42MMBOPD) and sells 652,000BOPD to Europe. It exports 85,000BOPD to Asia Pacific region, which includes the voracious China.
Angola exports around half of its crude production (933,000BOPD) to North America, with 300,000BOPD to Europe. This southwest African country exports 537,000BOPD to the Asia Pacific region. This confirms several commentaries that Angola is Africa’s largest crude exporter to China.
Algeria refines almost half of its production into petroleum products for domestic consumption and export. Of the remaining 744,000BOPD, the country sends 393,000BOPD to North America, 203,000BOPD to Europe and 125, 000BOPD to the Asia Pacific region.