A Review of the Nigerian Energy Industry

Sonatrach, Sonangol are Africa’s leading companies – Report

05 March 2013, Luanda – Algerian state oil company, Sonatrach, and its Angolan counterpart, SONAGOL, have been adjudged the first and second greatest firms in Africa, according to a study in Paris by the Jeune Afrique magazine.

The study evaluated about 500 African companies based in Africa and for the second consecutive year, SONAGOL occupies the same position behind the Algerian state oil company, Sonatrach.

According to the study, these two companies presented very solid outcomes that enable them to be part of the 500 major firms in the world and their status is not more consolidate due to the fact they are not rated in the stock markets

Besides SONANGOL, other Angolan companies (or companies operating in the country), which were part of the study, include Total E&P Angola in 50th position, Endiama in 128th place and Catoca Mining Corporate in 227th position.

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