Morocco produces 160.00 barrels per day of oil (as of 2016) ranking 123rd in the world. Morocco produces every year an amount equivalent to 8.5% of its total proven reserves (as of 2016).
What countries are the top producers and consumers of oil?
|Country||Million barrels per day||Share of world total|
Cameroon produces 92,469.00 barrels per day of oil (as of 2016) ranking 52nd in the world. Cameroon produces every year an amount equivalent to 16.9% of its total proven reserves (as of 2016).
Morocco produces marginal amounts of oil , natural gas, and refined petroleum products, and it is a net hydrocarbon importer. Morocco is not a significant liquids producer , and total petroleum and other liquids production has never exceeded 5,000 barrels per day (b/d).
Along with gas, Algeria is a large oil producer with 12.2 billion barrels of proven oil reserves. The country exports 540,000 b/d of its total production of about 1.1 million b/d. According to Sonatrach, about two-thirds of Algerian territory remains unexplored or largely underexplored.
According to the U.S. Energy Information Administration’s (EIA) International Energy Outlook 2019 (IEO2019), the global supply of crude oil , other liquid hydrocarbons, and biofuels is expected to be adequate to meet the world’s demand for liquid fuels through 2050.
Saudi Arabia holds 266,578,000,000 barrels of proven oil reserves as of 2016, ranking 2nd in the world and accounting for about 16.2% of the world’s total oil reserves of 1,650,585,140,000 barrels. Saudi Arabia has proven reserves equivalent to 221.2 times its annual consumption.
Because reserves in non-Middle East countries are being depleted more rapidly than those of Middle East producers, their overall reserves-to-production ratio — an indicator of how long proven reserves would last at current production rates — is much lower ( about 15 years for non-Middle East and 80 years for Middle
Limestone and dolomite reservoirs of the Middle East have fairly good porosity and permeability. In Saudi Arabia’s Ghawar field (the world’s largest oil field), two producing members (C and D) of the Arab Formation, have thicknesses of 30m and 80m respectively, and a porosity of 20%.
Baba Ahmadou Danpullo
Cameroon is a leading producer of crude oil and is developing its production of natural gas. 90% of production originates from offshore fields in the Rio del Rey basin. Total daily oil production averaged 100 000 barrels in 2015.
Because its poverty reduction rate is lagging behind its population growth rate, the overall number of poor in Cameroon increased by 12% to 8.1 million between 2007 and 2014, and poverty is increasingly concentrated, with 56% of poor living in the northern regions.