African oil
Oil is nonrenewable
What is oil used for?-
- Transportation Fuels
- Asphalt
- Military and defense
- Fertilizer
- Heating
- Feedstock
- Petrochemicals
- Plastics
- Polyurethanes
- Solvents
- Electrical generation
Oil is mainly found in these places-
How is oil extracted and brought to the market?-
Extraction- They use a drill and pump it up from the ground.
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Raw oil
Refined oil
Facts-
- Sudan and Nigeria are two of the main oil producers.
- China owns 40% of Sudan's oil production.
- Sudan's oil exports in 2010 are estimated by the United States Department of State at $9 billion with United States dollars.
- The African continent is believed to contain about 10% of the world’s oil reserves.
- The largest oil producers in Africa are Angola, Nigeria, Libya and Algeria
- Technological advances in deepwater drilling has made it possible to continue oil production despite threats of war/civil war onshore – with the added bonus that the oil can be transported by freight ships directly from the rigs to ports in Europe and the US