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Africa shows how hard it's becoming to pump crude oil: Report

Crude production in western Africa has fallen by one-third since 2010 and is expected to drop again this year

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Photo: Bloomberg

Bloomberg
The world’s infrastructure to pump crude out of the ground is creaking, and nowhere is that more apparent than off the west coast of Africa. Years of under-investment, theft, sabotage and civil strife have combined with harsh operating conditions to undermine the region’s oil production, sending it into a slump from which it may never recover.

In 2010, west African countries were pumping close to 5.5 million barrels a day of crude and condensate, about 7 per cent of global production. By 2021, that had fallen to little more than 3.5 million barrels a day, and the region’s share of the

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First Published: Oct 31 2022 | 12:46 AM IST

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