The Middle East is oil. In fact, it’s a staggering 800+ billion barrels of oil, or nearly half of the world’s reserves. But there’s nothing left to discover. Forget the Aramco IPO . Today, Africa is King when it comes to oil exploration potential, and it’s the number-one venue for investors looking for real upside. A string of successful exploration projects over the past decade has seen an additional eight African countries join the ranks of those with proven reserves, taking the continent’s tally to 28. The African Oil Club has grown thanks to major new discoveries in Ghana, Mozambique, Senegal, Kenya, Mauritania, Niger, Uganda and South Africa. Oil Producing Countries Africa (Click to enlarge) Source: World Atlas So far, that’s meant 128 billion barrels of oil and nearly 500 trillion cubic feet of proven natural gas reserves. That’s a 40-percent increase since 2000. Africa’s oil & gas investment […]