OIL IN AFRICA

OIL IN AFRICA
African countries that produce oil are listed below, starting with the highest producer all the way to the lowest. I have analyzed the % of citizens living below KES 80 per day for each country and the main international players in each.

1. Nigeria.

2.8m barrels per day.
Oil Discovery date: 1956
Oil Discovery Nationality: British. Royal Dutch Shell
% of population living on less than KES 80 per day:70%
http://www.indexmundi.com/nigeria/population_below_poverty_line.html
Conclusion:
The largest oil producer in Africa has over 70% of its population in deep poverty. Royal Dutch Shell has been controlling this oil industry since 1950s.

2. Algeria.

2.1m barrels per day.
Oil Discovery date: 1956
Oil Discovery Nationality: Algerian. Sonatrach.
% of population living on less than KES 80 per day:23%
http://www.indexmundi.com/algeria/population_below_poverty_line.html
Conclusion:
The 2nd largest oil producer in Africa has 23% of its population living below KES 80 per day. Its own National Oil company controls the oil industry hence solid poverty reduction felt by all Algerians.

3. Angola.

1.9m barrels per day.
Oil Discovery date: 1955
Oil Discovery Nationality: Portugal. ChevronTexaco-American.
After 2002 civil war: China involved in oil industry.

Africa and China: At a crossroads in Angola

http://www.chinadaily.com.cn/cndy/2012-03/28/content_14927698.htm

% of population living on less than KES 80 per day:40.5%
http://www.indexmundi.com/angola/population_below_poverty_line.html
Conclusion:
The 3rd largest oil producer in Africa has 40.5% of its population living below KES 80 per day.

After entering into deals with China in regards to Oil mining, the Civil war ended and the poverty level reduced.

4. Libya.

1.7m barrels per day.
Oil Discovery date: 1959
Oil Discovery Nationality: British. Esso[ExxonMobil].
After 1974: Libya nationalized its oil industry.
http://en.wikipedia.org/wiki/History_of_Libya_under_Muammar_Gaddafi

% of population living on less than KES 80 per day:33%
http://www.indexmundi.com/libya/population_below_poverty_line.html
Conclusion:
Libya has 33% of its population living below KES 80 per day.

5. Egypt.

0.56m barrels per day.
Oil Discovery date: 1886
Oil Discovery Nationality: British. Shell
After 1961: Egypt nationalized its oil industry.

http://www.oilegypt.com/webpro1/oil/oilegypt/shell/history.asp

% of population living on less than KES 80 per day:20%
http://www.indexmundi.com/egypt/population_below_poverty_line.html

Conclusion: A new political regime in Egypt means uncertainty in terms of increase or reduction in poverty levels.

6. Sudan.

0.5m barrels per day.

¾ of oil in South Sudan. ¼ of Oil in Northern Sudan.
Oil Discovery date: 1959
Oil Discovery Nationality: Italian. Agip Oil
After 1974: USA.Chevron TexaCo.
2005:End of Civil war.
http://en.wikipedia.org/wiki/Second_Sudanese_Civil_War

Currently: China is a major investor in Sudan oil.

China, Sudan Discuss Oil Dispute

South Sudan % of population living on less than KES 80 per day:90%
http://www.wvafrica.org/index.php?option=com_content&view=article&id=152&Itemid=169

North Sudan % of population living on less than KES 80 per day:40%
https://www.cia.gov/library/publications/the-world-factbook/geos/su.html

Conclusion: North Sudan has over 60% of its population living above the KES 80 per day range. Northern Sudan has strategic relationships with China regarding oil.
South Sudan has 90% of its population living below KES 80 per day i.e one of the poorest countries in the world. Southern Sudan recently expelled a Chinese national due to Oil revenue sharing allegations.

South Sudan Expels Chinese Oil Executive

7. Equatorial Guinea.

0.35m barrels per day.
Oil Discovery date: 1995
Oil Discovery Nationality: American. ExxonMobil

% of population living on less than KES 80 per day:76.8%
http://data.worldbank.org/country/equatorial-guinea

Conclusion: Despite having oil revenue, Equatorial Guinea has 76.8% of its citizens living on less than KES 80 per day.

8. Chad.

0.24m barrels per day.
Oil Discovery date: 2003
Oil Discovery Nationality: American. Esso/WorldBank

% of population living on less than KES 80 per day:80%
http://www.indexmundi.com/chad/population_below_poverty_line.html

Conclusion: Despite having oil revenue, Chad has 80% of its citizens living on less than KES 80 per day.

9. Congo Brazzaville.

0.22m barrels per day.
Oil Discovery date: 1980
Oil Discovery Nationality:
http://news.bbc.co.uk/2/hi/africa/2255297.stm

% of population living on less than KES 80 per day:70%
http://www.amurt.org/en/current-projects/congo-brazzaville/

Conclusion: Despite having oil revenue, Congo Brazzaville has 70% of its citizens living on less than KES 80 per day. Political instability and civil strive contributes to poverty in Congo Brazzaville.

10. Gabon.

0.19m barrels per day.
Oil Discovery date: 1967
Oil Discovery Nationality:USA. Shell Oil

% of population living on less than KES 80 per day:32.7%
http://data.worldbank.org/country/gabon

Conclusion: Gabon has long ties with China.
http://news.bbc.co.uk/2/hi/business/3450969.stm

Other Countries:

11. South Africa. 0.11m barrels per day
12. Tunisia. 0.09m barrels per day
13. Cameroon. 0.08m barrels per day
14. Cote de Ivore. 0.06m barrels per day
15. DR Congo. 0.02m barrels per day
16. Ghana. 0.007m barrels per day
17. Morocco. 0.004m barrels per day

New Entrants:

Uganda.

0.00m barrels per day.
Oil Discovery date: 2006
Oil Discovery Nationality:Britain. Tullow Oil

% of population living on less than KES 80 per day:24.5%
http://data.worldbank.org/country/uganda

Kenya.

0.00m barrels per day.
Oil Discovery date: 2012
Oil Discovery Nationality:Britain. Tullow Oil

% of population living on less than KES 80 per day:45.9%
http://data.worldbank.org/country/kenya

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