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.
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.