Oil and Gas
One of the most tremendous industries on the African continent, the Oil and Gas sector has been part of a major transformation over the last few decades. The oil and gas industry remains one of the most controlled industries, yet the most lucrative. Natural resources such as petroleum or crude oil are essential assets used up daily, offering a multitude of challenges and opportunities.
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How is the oil and gas industry segmented?
- Oil Drilling, Exploration and Production
- Petroleum Refinery and Processing
- Crude Oil Exportations
- Offshore Trading
- Oil Farm/ Depot/Terminal
- Oil and Gas Consulting
"the Oil and Gas sector has been part of a major transformation for the last few decades."
"Africa’s oil and gas industry is one which is experiencing profound change."
Note that Nigeria is no longer the leading African producer of oil and gas in Africa. Angola has dethroned the largest oil producer.
Africa’s oil and gas industry is one which is experiencing profound change. In many countries, socioeconomic circumstances are improving and this is due to the responsible management of oil and gas resources. Supporting this industry by continued investments in various resources is good for sustainability.