Background note on Africa’s Current Path Energy Future to 2043

The document reports that Africa holds 111.4 billion barrels of oil equivalent (BBOE) in proven oil reserves, representing 5% of the global total. Five countries—Libya, Nigeria, Algeria, Egypt, and Angola—account for 80% of these reserves.

• Africa possesses proven oil reserves totaling 111.4 billion barrels of oil equivalent (BBOE), which constitutes 5% of the global total according to BP data.
• Five African nations hold 80% of the continent's proven oil reserves: Libya (48.39 billion BBOE), Nigeria (36.9 billion BBOE), Algeria (12.2 billion BBOE), Angola (7.8 billion BBOE), and Egypt (3.3 billion BBOE).

APA

Cilliers, J. (2023). Background note on Africa’s Current Path Energy Future to 2043. Institute for Security Studies. https://futures.issafrica.org/special-reports/guide.pdf?report=other/Energy&topic=05-oil

Chicago

Cilliers, Jakkie. Background note on Africa’s Current Path Energy Future to 2043. Institute for Security Studies, 2023. https://futures.issafrica.org/special-reports/guide.pdf?report=other/Energy&topic=05-oil.

Wikipedia

{{cite report |last1=Cilliers |first1=Jakkie |title=Background note on Africa’s Current Path Energy Future to 2043 |publisher=Institute for Security Studies |date=9 November 2023 |url=https://futures.issafrica.org/special-reports/guide.pdf?report=other/Energy&topic=05-oil |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{cilliers2023background, author = {Cilliers, Jakkie}, title = {{Background note on Africa’s Current Path Energy Future to 2043}}, institution = {Institute for Security Studies}, year = {2023}, month = nov, url = {https://futures.issafrica.org/special-reports/guide.pdf?report=other/Energy&topic=05-oil}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }