Global Business Reports


Alfonso Tejerina, Julian Issa, Ben Cherrington

Africa Oil and Gas 2019

November 05, 2019

In 2018, the value of Africa’s oil and gas exports was estimated at US$171 billion. In the same year, its precious metal exports, which represent the region’s second-largest commodity export category, were valued at US$77 billion, illustrating not only the continent’s reliance on its extractives industries but its particular dependence on oil and gas. 

Despite some challenges to working in the region, the oil and gas industry will remain a fundamental driver of the region’s economic prospects as the continent’s top commodity export category. The continent’s oil-producing nations have benefited from factors including maturing regulatory environments, a burgeoning local consumer market and the slow but steady growth of its local content capacity. Progress in the development of significant offshore assets has captured the attention of majors worldwide, in addition to new opportunities in gas reserves. As investors cautiously look towards Africa as the world’s last untapped frontier, we highlight six countries with particular promise in the pages of this publication: Angola, Nigeria, Mozambique, South Africa, Gabon and Ghana.


Independent Petroleum Consultants comment on the current state of Gabon’s oil industry and the new oil code.
Gabonaise de Chimie provides commodities such as solvents, methanol and ecological detergents for sea platforms to the petroleum industry.
Ascending is an HR service provider focused on workforce management solutions in Angola and Mozambique for the extraction industries.
SLC Resources explains how it helps companies meet and benefit from local the content requirements in Nigeria’s oil industry.


Mexico Chemicals 2024

In August 2023, Mexican exports to the US surpassed China for the first time. As companies prioritize securing supply their chains after years of logistics challenges, Mexico has begun to see major benefits. With a spate of new infrastructure projects such as the Interoceanic Corridor of the Isthmus of Tehuantepec coming online in 2023, the country is actively opening itself to investment. The chemical industry, in particular, is positioned for nearshoring-driven growth.



"We plan to double our copper production by the end of the decade. There remains significant upside potential in the gold industry, and the copper operations are strategic and additive to that."