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
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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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IEA. (December 6, 2019). Net income from oil and gas production in leading ten producers in Africa from 2000 to 2018 (in billion 2018 U.S. dollars) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1198635/net-income-from-oil-and-gas-production-in-africa/
IEA. "Net income from oil and gas production in leading ten producers in Africa from 2000 to 2018 (in billion 2018 U.S. dollars)." Chart. December 6, 2019. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1198635/net-income-from-oil-and-gas-production-in-africa/
IEA. (2019). Net income from oil and gas production in leading ten producers in Africa from 2000 to 2018 (in billion 2018 U.S. dollars). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1198635/net-income-from-oil-and-gas-production-in-africa/
IEA. "Net Income from Oil and Gas Production in Leading Ten Producers in Africa from 2000 to 2018 (in Billion 2018 U.S. Dollars)." Statista, Statista Inc., 6 Dec 2019, https://www.statista.com/statistics/1198635/net-income-from-oil-and-gas-production-in-africa/
IEA, Net income from oil and gas production in leading ten producers in Africa from 2000 to 2018 (in billion 2018 U.S. dollars) Statista, https://www.statista.com/statistics/1198635/net-income-from-oil-and-gas-production-in-africa/ (last visited August 25, 2024)
Net income from oil and gas production in leading ten producers in Africa from 2000 to 2018 (in billion 2018 U.S. dollars) [Graph], IEA, December 6, 2019. [Online]. Available: https://www.statista.com/statistics/1198635/net-income-from-oil-and-gas-production-in-africa/