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South Africa Shapes the Future of the Oil and Gas Market

Aug 30,2021 | Non-Renewable Energy

The Oil and Gas market in South Africa is about the manufacturing of petroleum products from crude oil and natural gas such as lubricating oils, greases and other petroleum product, as well as the wholesale and retail trade of these products.

The oil and gas market volume is defined as the total consumption (barrels of oil equivalent) of refined petroleum products and natural gas by end-users in each country. The value of the oil segment reflects the total volume of refined petroleum products, including refinery consumption and losses, multiplied by the hub price of crude oil. The value of the gas segment is calculated as the total volume of natural gas consumed multiplied by the price of natural gas (Henry Hub spot price).

The South African oil and gas drilling market had total revenues of US$6.8 billion in 2020, representing a compound annual rate of change (CARC) of -2.8% between 2016 and 2020. Major companies in the country are undertaking various oil and gas pipeline projects and contracts to expand their production capacities and sustain their position in the oil and gas industry. The values represent the total revenues available to exploration and production companies from sales of crude oil and natural gas. All market data and forecasts are represented in nominal terms i.e. without adjustment for inflation, and all the currency conversions used in the creation of this report have been calculated using constant 2020 annual average exchange rates.

The Oil & Gas in South Africa industry profile offered on Bharabook provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Besides the study helps save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the oil & gas market in South Africa, it uses the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the oil & gas market in South Africa. It includes leading company profiles revealing details of key oil & gas market players’ global operations and financial performance, along with presentations and pitches by understanding the future growth prospects of the South Africa oil & gas market with 5 year forecasts.

For more details on the aforementioned market, please visit Oil & Gas in South Africa industry.