Crude Oil Production in South Africa remained unchanged at 1 BBL/D/1K in January. Crude Oil Production in South Africa averaged 12.31 BBL/D/1K from 1998 until 2024, reaching an all time high of 58.00 BBL/D/1K in November of 2003 and a record low of 0.90 BBL/D/1K in November of 2020. source: U.S. Energy Information Administration
How many oil and gas projects are in South Africa?
South Africa is making progress with expanding its oil and gas sector, with 15 projects currently in the pipeline from between 2023 and 2027.
How much crude oil does South Africa Import?
South Africa continued to import almost 100% of its crude oil requirements in 2018. The total primary crude oil supply was used by refineries during transformation process for liquid fuels production.
Why should South Africa Invest in oil & gas?
Long term, the development of these fields can make a significant contribution to South Africa’s energy security as well as generate employment opportunities and capacity development by enabling participation among local businesses. The country is currently highly reliant on oil and gas imports for its energy security.