Oil holds varying significance across different African countries, exerting a substantial influence on the continent’s economy.
For some nations, it serves as a significant economic catalyst, while others heavily depend on it as their primary energy source. The multifaceted role of oil in Africa underscores its importance and impact on the region’s economic landscape.
For instance, countries like Nigeria, Angola, Libya, and Algeria have become major players in the oil industry, shipping out millions of barrels each year. The money from these oil exports plays a massive role in developing their economies.
Also, many African countries heavily depend on oil to meet their energy needs. Its easy accessibility makes it a go-to choice for generating power, powering everything from electricity production to transportation.
However, realizing the importance of a sustainable energy future, some African countries are actively working on diversification strategies. They are putting investments into renewable sources like solar, wind, and hydroelectric power to reduce reliance on fossil fuels and minimize environmental impact. Kenya and South Africa are active players in this regard.
A recent report by Wisevoter reveals the top oil-consuming countries on the continent. Given that oil is traded and measured in barrels, it provides a metric to assess a country’s or the world’s consumption daily.
Below are 10 African countries with the highest daily fuel consumption:
| Rank | Country | Oil consumption | Global rank |
|---|---|---|---|
| 1 | Egypt | 802,000 Mbbl/d | 27 |
| 2 | South Africa | 660,000 Mbbl/d | 31 |
| 3 | Algeria | 428,000 Mbbl/d | 36 |
| 4 | Nigeria | 316,000 Mbbl/d | 42 |
| 5 | Morocco | 286,000 Mbbl/d | 44 |
| 6 | Libya | 262,000 Mbbl/d | 48 |
| 7 | Angola | 142,000 Mbbl/d | 71 |
| 8 | Sudan | 110,000 Mbbl/d | 77 |
| 9 | Tunisia | 98,000 Mbbl/d | 81 |
| 10 | Kenya | 93,000 Mbbl/d | 83 |
