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The oil and gas market in South Africa is a significant contributor to the country's economy. The country has proven oil reserves of 1.5 billion barrels and proven natural gas reserves of 50 trillion cubic feet. However, South Africa is a net importer of oil and gas, as it produces less than it consumes.
The South African government is a major procurer of oil and gas products and services. In 2021, the government spent an estimated $1.5 billion on oil and gas procurement.
The main oil and gas products and services procured by the government include:
Crude oil
Refined petroleum products
Natural gas
Oil and gas exploration and production services
Oil and gas pipeline and transportation services
The top authorities for South Africa oil and gas procurement are:
The Department of Energy
The Petroleum Oil and Gas Corporation of South Africa (PetroSA)
The South African National Petroleum Refiners Association (SAPREF)
The top winners of South Africa oil and gas procurement are:
Shell
BP
TotalEnergies
ExxonMobil
Chevron
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