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

This briefing note provides data on proven oil reserves in Africa, citing BP as the source. It identifies the total reserves for the continent and specifies the five countries holding the vast majority of these reserves.

• Africa possesses 111.4 billion barrels of oil equivalent (BBOE) in proven oil reserves, which represents 5% of the global total according to BP.
• Five countries hold 80% of Africa'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} }