China and Africa Cooperate in Petroleum Industry

AFRICA is rich in oil resources.In 2014,Africa’s proven reserves were estimated at 132.1billion barrels,more than North America and the Asia-Pacific combined.The three most oil-abundant countries on the continent are Libya(46.4 billion barrels,3.4 percent of world total),Nigeria(37.2 billion barrels,2.7 percent of world total)and Angola(13.5 billion barrels,one percent of world total).Africa’s oil output is rising due to new technology and exploration.It is estimated that proven oil reserves will grow by 15 billion barrels in the next