Best Oil & Gas Companies in Addis Ababa, Ethiopia

Oil & Gas Companies in Ethiopia are companies that are involved in the exploration, production and distribution of oil and gas resources in the country. The Ethiopian oil & gas sector is largely unexplored and underdeveloped, providing great potential for investors. The Ethiopian government has made significant efforts to attract foreign investors, including enacting a new oil & gas law in 2020.

The main players in the Ethiopian oil & gas industry include the National Oil & Gas Corporation (NOGC) and foreign oil & gas companies such as Total, Eni, China National Petroleum Corporation (CNPC), and Midroc. These companies are involved in exploration, production, refining, and transportation of oil and gas. NOGC is the primary player in the industry with a majority stake in the Calub gas field, which holds an estimated 1.2 trillion cubic feet of natural gas.

In addition to these large players, small and medium-sized enterprises are also operating in the sector, such as local service and supply companies. These companies provide services and equipment to the oil & gas industry, including drilling, engineering, and construction services.

Overall, the oil & gas sector in Ethiopia is still a nascent industry, however it has significant potential for growth. With the right investments and policies, the sector could become a major contributor to Ethiopia’s economic development and energy security.