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Africagateway provides information about the importance of government tenders on how they have helped in money-making growth of nation.
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Information Oil and Gas Sector in Africa Oil and Gas sector is one of the booming sector of Africa. More than 800 oil and gas companies is exploring in Africa in the field of Oil and Gas. More than 10 million barrels of crude oil is produced daily in Africa most from Algeria, Angola and Nigeria. Whereas Tanzania and Mozambique remains highest resource for gas production. Mozambique's gas investment in particular will be dependent on what future gas prices will be -- and this is changing quickly due to the oil and gas revolution. Ten years ago, gas investments in the Gulf of Guinea were made to service the U.S. market. Today, that market has disappeared and the U.S. itself is exporting gas, while Angola, Nigeria and Equatorial Guinea are now exporting to Europe and Asia. Africa’s proven oil reserves are concentrated in the four members of the Organization of the Petroleum Exporting Countries (OPEC). These are Libya (which has 48 billion Barrels worth of reserves), Nigeria (37.2 billion barrels), Angola (12.7 billion barrels) and Algeria (12.2 billion barrels).In fact, these four countries held 84.5% of Africa’s reserves at the end of 2012. Egypt, South Sudan and Gabon are one of the most oil and gas reserve country of Africa. Also some emerging countries like Uganda, Kenya and Ghana has seen potential growth in oil and gas reserves. According to the BP Statistical Review, Africa’s gross exports of crude oil were 6.55 million bpd in 2012, while its fuel product exports Equalled 0.71 million bpd. Almost two-thirds of crude exports came from West Africa, while almost one third came from North Africa. In contrast, 65% of product exports came from North Africa, while 33% of product exports came from West Africa. Cameroon is one of the major producer of gas reserve and exporter of Africa. LNG (Liquefied
Natural Gas) is one of the major export gas from Africa. Some of the major LNG exporter African countries are Angola, Algeria, Nigeria, Libya, Mozambique and Egypt. North Africa and West Africa are major countries in oil and gas reserves. More than 60% of entire Africa oil and gas reserves comes from North and West Arica. Government too has taken various initiatives in developing Africa market with its abundance oil and gas reserves. These countries with major oil reserves are rich and wealthiest countries of Africa. To know more about oil and gas tenders information from Africa you can check link for more details : http://africagateway.info/sector/Tenders-Oil-and-Gas. 10 largest African producers of oil and natural gas Oil: 2010 Nigeria Angola Libya Algeria Egypt Sudan Congo Equatorial Guinea Gabon Chad Others (000 b/d) 2,065 1,790 1,550 1,250 740 480 270 255 245 100 237 Gas: 2009 Algeria Egypt Nigeria Libya Equatorial Guinea Mozambique Tunisia South Africa Cote d'Ivoire Angola Others (bcf/d) 7.88 6.07 2.25 1.54 0.61 0.35 0.35 0.18 0.15 0.07 0.13 Total 8,982 Total 19.58 Government and funding agencies are encouraging international companies and investors to enter and invest in such potential market of Africa. In recent years Africa has seen foreign direct investment in oil and gas sector mainly from Arab and Chinese companies. The growth is much more than what is seen. Stay connected with Africagateway for tenders related information on oil and gas sector, online oil and gas tenders, Africa oil and gas tenders. We will also provide
consultancy and joint venture services if interested in entering Africa oil and gas sector.
