Wednesday, November 11, 2020

Africa as a Supplier of China's Oil

 Israel Defense posted on 10 November 2020 an article titled "The African Oil Markets of the People's Republic of China and the Continuous Daily Needs for Crude Oil" by Giancarlo Elia Valori.  

In 2019, Africa supplied only 18 percent of China's imported crude oil, a sharp drop from ten years ago.  Angola supplied half of the African total, Congo Brazzaville 2 percent, Libya 2 percent, and the rest of Africa 5 percent.  The Middle East supplied 44 percent of China's imported crude.  

While Africa remains an important source of China's imported crude, it is steadily dropping in significance compared to the Middle East, Russia, and even Western Hemisphere.