Overview

The full oil and gas potential of the small enclave of Djibouti in the Horn of Africa is unknown and there is no established upstream oil industry. Up to now, little exploration work has been carried out although the international oil company, Chevron, is currently engaged in oil exploration in the country. Djibouti’s downstream oil industry is however a key source of revenue for the country since it has become a regional bunkering and supply centre for the export trade in petroleum products.

Governance

The industry is regulated by the Department of Commerce and Consumer Affairs.

A number of management consulting and accounting practices provide support and project services to the oil industry including Ernst and Young and MBendi Information Services, who author this MBendi AfroPaedia web site and have assisted a number of multinational and African oil companies with the development of market surveys and business strategies.

Shaun Bakamoso

Greetings. I'm Shaun Bakamoso, and I'm thrilled to be your guide through the dynamic world of business news in South Africa here at mbendi.co.za. With a passion for staying informed and a keen interest in the ever-evolving landscape of business, I've dedicated myself to providing you with timely, insightful, and comprehensive coverage of the latest developments impacting the South African economy. bakamoso@gmail.com / Instagram