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Nigeria was the leading oil producer in Africa as of 2024. Oil production amounted to roughly ** million metric tons in the country. Algeria, Angola, and Libya followed, each with an output above ** million metric tons. In the same year, the overall production of oil in Africa, including crude oil, shale oil, oil sands, and NGLs, reached ****

Main producers, main exporters

While being the main oil producer in Africa, Nigeria was also the largest crude oil exporter in the continent. The country sold nearly *** million barrels of oil daily to the international market in 2023. Angola and Libya followed, with an export volume of roughly *** million  and **barrels per day, respectively. North and West Africa's contribution to the global oil exports reached nearly percent as of 2023. 

Reserves and refinery capacity

Africa’s crude oil reserves remained stable in 2021, accumulating to billion barrels. From a country perspective, Libya had the highest amount of crude oil reserves in the continent, **** billion barrels, while the Nigerian reserves amounted to **** billion barrels. When it comes to oil refining, Egypt led, with a refinery capacity of *** thousand barrels daily.