Algeria is ranked the fourth-largest producer of crude oil in Africa, with an estimated 12.2bn barrels of proven reserves as of January 2012. The country was also estimated to have 159trn cu feet (tcf) of proven natural gas reserves as of January 2012 and produced 2.83 tcf of natural gas in 2010. Given its substantial reserves, Algeria has maintained its position as a major global player in the...
Africa Energy
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Oil and gas production continues to dominate the Algerian economy, accounting for almost all of exports, close to half of government revenue and over a third of GDP. In recent years non-hydrocarbons GDP has outstripped wider economic growth, though this is largely driven by public spending rather than private sector activity.
With the National Bureau of Statistics(NBS) recording a real GDP growth rate, on an aggregatebasis, of 7.13% in the first quarter of 2011, and a slightly lower 6.17% for the same quarter in 2012, Nigeria boasts the continent’s second-largest economy after South Africa. Africa’s largest oil producer, Nigeria is the third-largest recipient of foreign direct investment in the continent after Angola and Egypt, according to the US Diplomatic Mission.
This chapter looks at Nigeria’s power output and generating capacity, both of which currently sit well below those of neighbouring countries, although work to address this is proceeding. According to figures from a World Bank study, Nigeria produced 124 KWh per year in 2010. Much of Nigeria’s power generation, transmission and distribution capacity is ageing and poorly maintained. At present,...
Producing approximately 89m barrels in 2011, Gabon is currently the sixth-largest oil producer in sub-Saharan Africa. While oil production has been on a steady decline since peaking in the late 1990s, offshore and deepwater fields remain largely untapped. Given greater industrialisation, growth is expected to occur in electricity generation, with new generators and three new dams currently under...
Since 1953, when oil was first discovered near Port-Gentil, Gabon’s economy has been dominated by the petroleum industry. According to the BP “Statistical Review of World Energy 2012”, Gabon is the sixth-largest crude oil producer in sub-Saharan Africa and has the region’s fourth-largest proven reserves.