Money Moves September 05, 2019 at 03:00 pm

Africa’s largest natural gas producers to look out for in 2019

Theodora Aidoo | Staff Writer

Theodora Aidoo September 05, 2019 at 03:00 pm

September 05, 2019 at 03:00 pm | Money Moves

Photo credit: Angola LNG

Angola

The oil and gas industry is a top prospect for this country with an output of approximately 1.37 million barrels of oil per day and an estimated 17,904.5 million cubic feet of natural gas production, according to records.

With oil making up the largest chunk of Angola’s export commodities, the country is still exploiting its large reserves – the 17th largest oil reserves in the world.

Angola is Sub-Saharan Africa’s second-largest oil producer and has a well-established oil and gas industry which was first explored in the 1990s. The country became a global oil-producing nation in 2006 when it was admitted to the Organization of the Petroleum Exporting Countries.

The body overseeing petroleum and natural gas production in Angola known as the Group Sonangol is the sole company which owns a blending unit in Angola.

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