the list of wealthiest oil rich nations in Africa. Africa may be lacking in terms of technology and some other good things. But when it comes to things like oil, Africa is far from being a continent you can ignore. However, despite how blessed Africa is, when it comes to oil, not all countries have it in large quantities. And if you wonder what the oil richest African countries are, that’s what we intend discussing in this content. In this content, we’d be discussing the top 10 richest oil countries in Africa. So grab a seat, and spend the next few minutes consuming what we have to discuss.
Top 10 Richest Oil Countries In Africa 2020
1. Nigeria: 1,900,000 barrels/day
Nigeria is, beyond a reasonable doubt, one of the most important countries in Africa. In fact, we have people who consider it the most important of all African countries. You may agree or disagree with this statement, but one thing no one can deny, is that this country is the richest oil country in the continent. During the writing of this content, we got to learn that that the country produces at least 1.9 million barrels per day. And we don’t see any other country overtaking it, as regards its ability to produce oil.
2. Angola: 1,507,000 barrels/day
In many other kinds of rankings, Angola hardly comes as the second on the list. But when it comes to an article like this, not listing this country as the second, can not be justified. The country is stated to produce about 1.5 million barrels of oil per day. This is far more than what the 3rd country on this list can. If not for corruption and mismanagement, Angola should rank as one of the most important countries in Africa, as they make a lot of money from oil.
3. Algeria: 1,171,000 barrels/day
The next country on this list, is Algeria. Algeria is also not a baby when it comes to the richest oil countries in Africa. A lot of people may have never heard about this country, but to underestimate it would be nothing short of a big mistake. During our research, we learnt that the country produces about 1.2 million barrels of oil per day. This is more than what the next two countries produce, combined.
4. Egypt: 582,000 barrels/day
Egypt also ranks as one of the top 10 richest oil countries in Africa. And it’s possible many of you wouldn’t be surprised to find this out. Aside from being one of those deserving to be a part of this content, it also happens to be one of the most important African countries. It was learnt that the country produces as much as 582,000 barrels of oil per day. This is clearly not as much as the first, second, and third countries, but this amount of oil isn’t a thing to be underestimated.
5. Libya: 528,000 barrels/day
Next on this list, is Libya. Many people might be surprised to find this country on this list, but that’s the truth. The country may ordinarily not rank as one of the ten most important African countries, but when it comes to things like oil, you can’t just afford to leave it out. Even South Africa doesn’t come close to this country, when it comes to oil. And as of the time of writing this content, the country is reported to produce about 528,000 barrels of oil, per day.
There have also been statements that the country is capable of producing more than it produces. And if this is true, you shouldn’t be surprised if the country moves up to the fourth position.
6. Democratic Republic of Congo: 317,000 barrels/day
The Democratic Republic of Congo is also among the African countries which are rich in oil. The country produces a very large percentage of oil used in its country. And we also have some people who claim the country also exports some of its oil. If you take a trip to the oil-producing regions of this country, you’d have no problem believing the country to be truly one of the top 10 richest oil countries in Africa. We also learnt that it produces as much as 317,000 barrels of oil.
7. Sudan and South Sudan: 255,000 barrels/day
Sudan and South Sudan, combined, come next on our list. These countries are also rich in oil, although you can’t compare them to any of the top 5 richest oil countries in Africa. But like the top 5, Sudan and South Sudan are responsible for supplying a very large percentage of oil used in their country. Sudan and South Sudan, combined, produce about 255,00 barrels of oil per day.
8. Equatorial Guinea: 227,000 barrels/day
Equatorial Guinea is another country which deserves being a part of an article like this. The country may not have as much oil-producing capacity as some of the other countries, but this doesn’t make it a country you can underestimate. Equatorial Guinea is claimed to produce about 227,000 barrels of oil, per day.
9. Gabon: 210,000 barrels/day
Gabon is also a country which should be on this list. The country is stated to be capable of producing as much as 210,000 barrels of oil per day. That’s more than enough to cater for the oil needs in the country.
10. South Africa: 160,000 barrels/day
Last on our list, comes South Africa. South Africa may ordinarily be a very important African country. But when it comes to things like oil, many other African countries come before it. As of the time of writing this content, South Africa produces about 160,000 barrels of oil per day.
What we have discussed are the richest oil countries in Africa, in terms of oil. When it comes to the richest, in all aspects, the list is very different. In other words, the fact that Angola ranks as the second-richest in this article, doesn’t necessarily mean it is the second-richest in Africa.
That’s all about the Richest Oil Countries in Africa 2020.
- Top 10 Poorest Presidents In Africa
- Top 10 Richest Men In South Africa
- Top 10 Richest Women In Ghana
- Top 10 Richest Rappers In South Africa
- Top 50 Richest Countries In Africa
Tag; Richest Oil Countries In Africa 2020