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Sonatrach is the 12th largest oil consortium in the world, with 154 subsidiaries operating over the entire oil value-chain from upstream, to midstream, and downstream activities. [ 6 ] In 2002, its gross sales was 1,530 billion Algerian dinars for a net income of 175 billion.
This list comprises the largest companies currently in Africa by revenue as of 2022, excluding the finance sector, according to the ranking of the largest 500 companies in Africa by Jeune Afrique. In 2022, the largest company in Africa was Sonatrach with revenue of US$77 billion.
Oil reserves in Libya are the largest in Africa, and among the ten largest oil reserves globally [1] with 46.4 billion barrels (7.38 × 10 ^ 9 m 3) of proven oil reserves as of 2010. Oil production was 1.65 million barrels per day (262 × 10 ^ 3 m 3 /d) as of 2010, giving Libya 77 years of reserves at current production rates if no new reserves ...
Ever since the late 1950s, when commercial quantities of oil were first discovered in Nigeria's Niger Delta basin, West Africa has been an area of interest for oil and gas exploration and ...
It was created on January 27, 1987, in Lagos, Nigeria, to serve as a platform for cooperation and harmonization of efforts, collaboration, sharing of knowledge and skills among African oil producing countries. The headquarters of the organization is in Brazzaville in the Congo. The Organization changed its name from African Petroleum Producers ...
The expression "Seven Sisters" was coined by the head of the Italian state oil company (), Enrico Mattei, [22] who sought membership for his company, but was rejected.The history of the supermajors traces back to the seven oil companies which formed the "Consortium for Iran" cartel and dominated the global petroleum industry from the mid-1940s to the 1970s.
Oil companies of Africa by country (7 C) This page was last edited on 28 June 2020, at 20:23 (UTC). Text is available under the Creative Commons Attribution ...
Sudan's oil exports in 2010 are estimated by the United States Department of State at US$9 billion. [2] Five countries dominate Africa's upstream oil production. Together they account for 85% of the continent's oil production and are, in order, from highest to lowest output: Nigeria, Libya, Algeria, Egypt and Angola.