Africa: net income from oil and gas production

In 2018, the production of oil and gas in Africa generated over 130 billion U.S. dollars in net income. The amount corresponded to the difference between the costs of production and the sales done by ten leading producing countries in the continent. From 2000 onwards, the net income has fluctuated. In general, oil production generated more income than gas production.

Net income from oil and gas production in leading ten producers in Africa from 2000 to 2018 (in billion 2018 U.S. dollars)

Characteristic	Oil	Gas
2018	106	28
2017	68	26
2016	39	21
2015	56	27
2014	167	33
2013	192	33
2012	237	40
2011	216	34
2010	175	31
2009	138	34
2008	279	53
2007	184	31
2006	147	32
2005	135	24
2004	85	14
2003	63	13
2002	49	10
2001	49	12
2000	64	9

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Release date

December 2019

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Region

Africa

Survey time period

2011 to 2018

Supplementary notes

According to the source, "net income from oil and gas production is defined as the difference between the costs of various types of oil and gas production and the value realized from their sale on either domestic or international markets".

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