Africa: Nigeria, Angola to be highest-earning oil producers by 2030

Nigeria and Angola will be the highest earning oil-producing countries in a pack of 10 within the sub-saharan African region between 2006 and 2030, says the International Energy Agency (IEA). In a report entitled “World Energy Outlook 2008”, presented at the Center for Strategic Studies (CSIS) in Washington, D.C. by the organisation's Chief Economist, Dr Faith Birol, Nigeria and Angola will account for 86 per cent of the $4.1 trillion cumulative revenues of all 10 countries over 2006-2030.