Africa is dwelling to among the world’s richest oil reserves, and as such, the continent has produced a number of oil tycoons who’ve constructed their fortunes via the exploration, manufacturing, and distribution of this useful useful resource.
As the best oil-producing nation, Nigeria homes extra oil tycoons who’ve created wealth for themselves. Let’s introduce you to 5 oil tycoons throughout Africa that you must know.
Kase Lawal- Founding father of CAMAC Nigeria
Kase Lawal is a Nigerian-born America-based oil tycoon, who runs Camac Holdings with subsidiaries like Camac Worldwide Company, Camac Power Inc and Allied Power Company, a thriving vitality agency in the USA. The 30-year-old vitality firm engages within the exploration, growth, and operation of oil properties in Africa and South America. Talking with Black Enterprise, Lawal mentioned, “I wish to encourage extra blacks to become involved within the oil trade as entrepreneurs.” His success within the trade has opened up the oil enterprise to different folks of color.
Kevin Okyere from Ghana, Founder and CEO of Springfield E&P
Kevin Okyere is the Founder and Chief Government Officer of the Springfield Group. He’s an astute entrepreneur who established Springfield Power in 2008 when he recognized a chance within the Ghanaian oil and gasoline sector for an impartial native firm. As a visionary, Kevin leads Springfield Exploration & Manufacturing Ltd, the primary and solely impartial Ghanaian firm to be awarded an oil block in Ghana.
His expertise in business strategy, finance and negotiations for the event of high-end industrial and developmental initiatives have helped the corporate obtain vital progress. Experiences say the corporate found 1.5 billion barrels of oil and 0.7 tcf of pure gasoline offshore Ghana in 2019. This discovery made it the primary Ghanian firm the primary to seek out hydrocarbons in deepwater.
Mohammed Indimi- Oriental vitality
Mohammed Indimi OFR is the chairman of Oriental Energy Resources (OER), a privately held Nigerian oil exploration and manufacturing firm. Based in 1990, Oriental Power has expanded its portfolio and at present has three property underneath growth offshore Nigeria. These embody the Ebok Subject (OML 67), Okwok Subject (OML 67) and OML 115. Indimi boasts of over 20 years of expertise in Nigeria’s upstream oil and gasoline sector.
Prince Arthur Eze -Oranto Petroleum
Prince Arthur Eze is the Chairman and CEO of Atlas Oranto Petroleum Worldwide Restricted, an organization that has secured vital upstream positions in Nigeria, Sierra Leone, Liberia, Togo, Ivory Coast, Chad, Cameroon and Equatorial Guinea. The corporate additionally companions with Roc Oil, Pioneer Pure Assets of the USA, Canoxy, Transworld of the USA, Lukoil of Russia, Tetra, Noble, Kosmos Power of the USA, Petronas of Malaysia, DNO of Norway, TransAtlantic Petroleum of the USA and Canada’s Nexen.
Folorunsho Alakija- Famfa Oil
Folorunsho Alakija serves because the vice chair of Famfa Oil, a Nigerian oil exploration firm with a stake in Agbami Oilfield, a prolific offshore asset. She ventured into oil and gasoline by in search of the allocation of an oil prospecting license (OPL). Via her connection, Alakija secured the license to probe for oil on a 617,000-acre block now known as OPL 216. Famfa Oil companions with Chevron and Petrobras.
Alakija can be the Group Managing Director of The Rose of Sharon Group which consists of The Rose of Sharon Prints & Promotions Restricted, and Digital Actuality Prints Restricted.