Money Moves February 14, 2018 at 06:17 am

Top 5 companies in Africa with over $10 million turnover

Mildred Europa Taylor | Head of Content

Mildred Europa Taylor February 14, 2018 at 06:17 am

February 14, 2018 at 06:17 am | Money Moves

Sonatrach — DZ Breaking

Sonatrach (Algeria) – $30,242,200

Founded in 1963, the Algerian government-owned company was formed to explore the hydrocarbon resources of the country. It is the largest Algerian and African company and the 11th largest oil consortium in the world.

The company has some concessions in Libya, Mauritania, Peru, Yemen and Venezuela. The company which employs over 120,000 workers produces 30% of the GNP of Algeria. Its diversified activities cover all aspects of production: exploration, extraction, transport, and refining.

It has diversified into petrochemistry and the desalination of seawater. Sonatrach is currently expanding the Hassi Messaoud-Azrew pipeline, the longest in the country. The project entails a second, parallel line that will more than double the capacity of the existing line.

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