PUBLICATION

Global Business Reports

AUTHORS

Alfonso Tejerina, Julian Issa, Ben Cherrington

Africa Oil and Gas 2019

November 05, 2019

In 2018, the value of Africa’s oil and gas exports was estimated at US$171 billion. In the same year, its precious metal exports, which represent the region’s second-largest commodity export category, were valued at US$77 billion, illustrating not only the continent’s reliance on its extractives industries but its particular dependence on oil and gas. 

Despite some challenges to working in the region, the oil and gas industry will remain a fundamental driver of the region’s economic prospects as the continent’s top commodity export category. The continent’s oil-producing nations have benefited from factors including maturing regulatory environments, a burgeoning local consumer market and the slow but steady growth of its local content capacity. Progress in the development of significant offshore assets has captured the attention of majors worldwide, in addition to new opportunities in gas reserves. As investors cautiously look towards Africa as the world’s last untapped frontier, we highlight six countries with particular promise in the pages of this publication: Angola, Nigeria, Mozambique, South Africa, Gabon and Ghana.

RELATED INTERVIEWS MORE INTERVIEWS

Independent Petroleum Consultants comment on the current state of Gabon’s oil industry and the new oil code.
Gabonaise de Chimie provides commodities such as solvents, methanol and ecological detergents for sea platforms to the petroleum industry.
Ascending is an HR service provider focused on workforce management solutions in Angola and Mozambique for the extraction industries.
SLC Resources explains how it helps companies meet and benefit from local the content requirements in Nigeria’s oil industry.

MACIG

GBR speaks to Leopold Mboli Fatran, Minister of Mines and Geology of Central African Republic concerning the challenges of developing the country’s resource industries.

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