COUNTRIES WITH THE LARGEST PROVEN OIL RESERVES IN AFRICA

 Since the discovery of oil in Africa last century,the question on everybody's mind is when it is going to finish. The answer to that question is rooted in the complex nature of fossil fuels. With the recent clamour by developed countries in the world to cut down on the use of fossil fuels and move to clean energy because of climate change makes it even more complicated to answer.
 However, oil production has dropped in Africa because of slow economic growth in the world, drop in oil prices and OPEC's decision to cut production has a created a greater uncertainty over the future of fossil fuels in Africa and the world at large.
  Stanstats decided to profile the African countries with largest proven oil reserves from different sources that include OPEC, CIA, World factbook, oil companies etc. According to our methodology, proven reserves are those quantities of petroleum which by analysis or engineering data are deemed economical. Proven oil reserves may include oil recoverable under current economic conditions. Discovered oil well maybe uneconomic over a long period of time but will be adjudged a proven reserve when it is judged economic.
 These are the African countries with the largest proven oil reserves.

  1. LIBYA - 48.36 BILLION BARRELS    
          Libya has the largest oil reserve in Africa and it also has the 9th largest proven oil reserve in the world. The country is also among the largest oil producers in Africa despite the political turmoil in the country. 
  2. NIGERIA - 37.07 BILLION BARRELS                  The country has the second highest proven oil reserves in Africa behind Libya and also the tenth largest in the world. The country is also the largest oil producers in Africa, although oil production has declined in the country due to pipeline vandalism and kidnapping in the southern oil rich region of the country. 
  3. ALGERIA - 12.2 BILLION BARRELS                   The country has the third largest proven oil reserves in Africa and 16th largest in the world. Oil accounts for more than 80 percent of the country's GDP. The country is also the second largest oil producers in Africa behind Nigeria. 
  4. ANGOLA-9.01 BILLION BARRELS                      The southern Africa has the second highest proven oil reserves in Sub saharan Africa behind Nigeria. Oil accounts for more than 60 percent of the countries entire GDP. Oil production peaked in the country at more than 2 million barrels per day. 
  5. SUDAN- 5 BILLION BARRELS                             The country has more than  5 billion barrels in reserve  before South Sudan split from the country in 2011. Oil accounts for more than 70 percent of the countries revenue. Oil production declined in the country during the countries long running armed conflict. 
  6. EGYPT-4.4 BILLION BARRELS                            The north African country has one of the largest proven oil reserve in Africa and middle East. The country is also the second largest producer of natural gas in Africa and also the largest consumer of fossil fuel in Africa. 
Here is the list of the top ten.
Rank   Country             Reserve

  1.         Libya                   48.3 billion barrels 
  2.         Nigeria                37.0 billion barrels 
  3.         Algeria                12.2 billion barrels 
  4.         Angola                 9.0  billion barrels 
  5.         Sudan                   5.0 billion barrels 
  6.         Egypt                    4.4 billion barrels 
  7.         Uganda                 2.5 billion barrels 
  8.         Gabon                   2.0 billion barrels 
  9.         Congo R                1.6 billion barrels 
  10.         Chad                      1.5 billion barrels 

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