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: gasco.com

Egypt

This week, the Egyptian Petroleum Authority and Egyptian General Petroleum Corporation signed two agreements to explore oil and gas and to drill four exploratory wells in Southeast Abu Snan and Ras Kattara in Western Sahara with a minimum investment of $4 million, according to the Petroleum Ministry.

Egypt happens to be the largest non-OPEC oil producer in Africa and the third-largest natural gas producer on the continent.

As a global energy player, the country is a major transit route for oil shipped from the Persian Gulf to Europe and the United States and is reported to have the largest refining sector in Africa.

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