The African continent is home to some of the world’s largest oil producing countries and is a major player in the global oil and gas industry.
The oil and gas sector is a major contributor to the economies of many African countries and is a source of employment, investment and revenue. In this article, we will take a look at the top 10 major oil companies in Africa, including Sonatrach, ExxonMobil, Cleanenergy, Shell, Chevron, NNPC, Eni, CNOOC, Gazprom, and Royal Dutch Shell.
Africa’s largest oil companies
1. Sonatrach
Sonatrach is Africa’s largest oil company and Algeria’s state-owned oil and gas company. It was established in 1963 and has since become a major player in the global energy market. Sonatrach is involved in the exploration, production, transportation and marketing of hydrocarbons, including crude oil and natural gas.
The company operates a network of pipelines and refineries throughout Algeria and has partnerships and joint ventures with international oil companies in countries such as Spain, Italy and Norway. In recent years, Sonatrach has also expanded its operations in the liquefied natural gas (LNG) market and has become one of the largest exporters of LNG in the world.
2. Exxon Mobil
ExxonMobil is an American multinational oil and gas corporation with operations in more than 50 countries. In Africa, the company has a significant presence in countries such as Angola and Nigeria. ExxonMobil has been operating in Angola since the 1990s and is a major player in the country’s oil and gas industry.
The company has several oil and gas production projects, including partnerships with state-owned Sonangol and other international oil companies. In Nigeria, ExxonMobil operates several oil and gas production projects and is also involved in the exploration and production of deepwater reservoirs. The company has been operating in Nigeria for over a century and is one of the largest foreign investors in the country’s energy sector.
3. Cleanergy
Cleanergy, formerly known as Total SA, is a French multinational oil and gas company with operations in more than 130 countries. In Africa, Cholinerges has a significant presence in countries such as Angola, Republic of Congo, and Gabon.
The company is involved in the exploration, production and marketing of crude oil, natural gas, and petroleum products. Cleanergies has a number of offshore and onshore oil and gas production projects in Africa, including partnerships with state-owned companies and other international oil companies. In recent years, the company has also expanded its operations in the renewable energy sector and is committed to reducing its carbon footprint and becoming a low carbon energy company.
4. Shell
Royal Dutch Shell, commonly known as Shell, is a multinational oil and gas company based in the Netherlands. It is one of the world’s largest oil and gas companies and has a strong presence in Africa, operating in countries such as Nigeria, Egypt and South Africa. In Nigeria, Shell is one of the largest foreign investors in the country’s energy sector and operates many onshore and offshore oil and gas production projects.
The company is also involved in exploration and production of deep water reservoirs. In Egypt, Shell has several upstream and downstream oil and gas operations, including marketing of petroleum products. In South Africa, Shell operates several retail petrol stations and is involved in the marketing of petroleum products.
5. Chevron
Chevron is an American multinational energy corporation with operations in more than 180 countries. In Africa, the company operates in countries such as South Africa and Angola. In South Africa, Chevron is involved in the marketing of petroleum products and operates several retail petrol stations. In Angola, Chevron is a major player in the country’s oil and gas industry and operates many onshore and offshore oil and gas production projects.
The company has several partnerships and joint ventures with state-owned Sonangol and other international oil companies. Chevron is committed to responsible and sustainable operations in Africa and has implemented a number of initiatives to reduce its environmental impact and support local communities.
6. nnpc
The Nigerian National Oil Corporation (NNPC) is Nigeria’s state-owned oil company, which has been restructured as NNPC Limited with the government retaining control. It is responsible for exploration, production and distribution of oil and gas in the country. NNPC is one of Africa’s largest oil companies and is involved in many upstream and downstream oil and gas operations. The company operates a number of oil and gas production projects, including offshore and onshore fields, and is also involved in the refining and marketing of petroleum products.
NNPC is committed to responsible and sustainable operations and has implemented a number of initiatives to reduce its environmental impact and support local communities. In recent years, the company has also been involved in the development of alternative energy sources, such as renewable energy, to reduce Nigeria’s dependence on oil and gas.
7. Annie
ENI is an Italian multinational oil and gas company with operations in more than 80 countries. In Africa, the company operates in countries such as Algeria, Angola, Egypt and Mozambique. ENI has a strong presence in the upstream oil and gas sector and is involved in the exploration and production of crude oil and natural gas.
The company has several offshore and onshore oil and gas production projects in Africa, including partnerships with state-owned companies and other international oil companies. Eni is also involved in the refining and marketing of petroleum products and has several retail petrol stations in Africa. In recent years, ENI has expanded its operations in the renewable energy sector and is committed to reducing its carbon footprint and becoming a low carbon energy company.
8. CNOOC
CNOOC is a Chinese state-owned oil and gas company with operations in more than 30 countries. In Africa, the company operates in countries such as Nigeria, Angola and South Africa. CNOOC is involved in the exploration and production of onshore and offshore oil and gas reserves in Africa.
The company has several partnerships and joint ventures with state-owned companies and other international oil companies. In recent years, CNOOC has expanded its operations in Africa and is committed to responsible and sustainable operations on the continent.
9. Yards Prom
Gazprom is a Russian state-owned natural gas company with operations in more than 30 countries. In Africa, the company operates in countries such as Algeria and Egypt. Gazprom is involved in the exploration, production and marketing of natural gas in Africa.
The company has several partnerships and joint ventures with state-owned companies and other international oil and gas companies in Africa. Gazprom is committed to responsible and sustainable operations in Africa and has implemented a number of initiatives to reduce its environmental impact and support local communities.
10. Royal Dutch Shell
Royal Dutch Shell, commonly known as Shell, is a multinational oil and gas company based in the Netherlands. It is one of the world’s largest oil and gas companies and has a strong presence in Africa, operating in countries such as Nigeria, Egypt and South Africa. In Nigeria, Shell is one of the largest foreign investors in the country’s energy sector and operates several offshore and onshore oil and gas production projects.
The company is also involved in exploration and production of deep water reservoirs. In Egypt, Shell has several upstream and downstream oil and gas operations, including marketing of petroleum products. In South Africa, Shell operates several retail petrol stations and is involved in the marketing of petroleum products.
The result
These 10 oil companies are the largest and most influential players in the African oil and gas industry. They operate across the continent and are involved in a variety of activities, including exploration and production, refining and marketing, and the development of renewable energy sources. The oil and gas sector has played an important role in Africa’s development and these companies will continue to shape the future of the industry.