Algeria and Nigeria hold 42% of Africa's oil and gas resources

A report by the African Energy Chamber indicates that Algeria and Nigeria together account for approximately 42 percent of the continent's remaining extractable oil and gas resources. Nigeria leads the African ranking with reserves exceeding 40 billion barrels of oil equivalent, while Algeria follows in second place with 27 billion barrels of oil equivalent. The report also identifies Libya, Angola, and Egypt as other major African nations possessing significant remaining oil and gas assets.