The latest data from Trading Economics reveals a fascinating picture of Africa’s largest oil producers for the year 2023. Libya, Angola and Nigeria vie for the top spot, confirming their status as the continent’s oil giants.
Unsurprisingly, Libya, Angola and Nigeria continue to be at the top of the ranking of oil production leaders in Africa. Libya, in first place in the African rankings, produced an impressive average of 1.173 million barrels per day last July. This performance earned it 15th place in the world ranking of oil producers. However, what makes this achievement even more remarkable is the resilience that Libya has demonstrated despite its ongoing political and economic challenges.
Angola and Nigeria, second and third respectively in the African rankings, also recorded impressive figures in 2023, with production of 1.149 million and 1.081 million barrels per day. Their influence in the global oil sector remains undeniable, ranking 16th and 17th in the world, respectively. Algeria and Egypt occupy 4th and 5th place.
Besides these giants, other countries have also made their way to the Top 10 in African oil production in 2023. The Republic of Congo, with a production of 282 thousand barrels per day in July, ranks sixth in Africa, followed closely followed by Gabon, which produced 193 thousand barrels per day in the same month. Sudan, with a production of 187 thousand barrels per day in April, takes eighth place, while Ghana, with 173 thousand barrels per day in May, ranks ninth. Chad closes the Top 10 with a production of 88 thousand barrels per day in May.