Africa Oil Supply - August 2015
Source: OPEC 8/18/2015, Location: Africa
Africa’s oil supply is projected to average 2.39 mb/d in 2015, steady y-o-y and unchanged from the previous MOMR. In 2015, oil production from Congo and Equatorial Guinea is expected to grow by 10 tb/d each to average 0.29 mb/d and 0.29 mb/d, respectively. Africa Others will show steady production except Chad, which is expected to see a decline of 10 tb/d to average 0.11 mb/d.
On a quarterly basis, Africa’s oil supply in 2015 is expected to average 2.42 mb/d, 2.40 mb/d, 2.38 mb/d and 2.35 mb/d, respectively.
On a quarterly basis, Africa’s oil supply in 2015 is expected to average 2.42 mb/d, 2.40 mb/d, 2.38 mb/d and 2.35 mb/d, respectively.
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