Browsing: Oil & gas projects in East Africa

At the end of 2017, Africa had 487.8 tcf of proven gas reserves representing 7.1 per cent of global proven reserves.

The continent’s share of global oil production slightly increased by 0.3 per cent then standing at 8.1 million bbl/d.

Africa’s major contributors continue to be Nigeria, Angola, Algeria and Egypt while Libya increased its production by 102.9 per cent in 2017 making it the fourth-largest oil producer in Africa with an 11 per cent share edging Egypt into the fifth position on the continent.

Read the May 2020 Edition here

The reason the East African region is not on the global map of oil producers is because of its hitherto small size of proved reserves.

But, countries like South Sudan, Kenya and Uganda have proved oil reserves making up 10.754 billion barrels which is the equivalent of 22.23 per cent of Libya’s reserves. On scale, this is just 0.63 …