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Addax Petroleum

Founded in 1987 by the Swiss oil trader Jean-Claude Gandur, Addax Petroleum specialises in exploration and production. The groupe was acquired by Sinopec in 2009.

South Africa
PetroSA's bad business of petroleum product trading

The cash-strapped PetroSA owes large debts to traders Gunvor, Addax Energy and the South African company Nako Energy, the latter of which is struggling to pay its own bills to the state-owned company.

Free access Energy, Commodity traders 04.04.2025

West Africa
Sanctions-hit Dubai trader Coral Energy reinvents itself again

After an initial name change to 2Rivers, oil trader Coral Energy has transferred its activities to a new entity, Safira Global Trading. Coral Energy was sanctioned in December for selling Russian oil below the floor price.

Subscribers only Energy 18.02.2025

Spotlight | Nigeria
NNPC boss hopes to clinch block sell-offs ahead of his rumoured exit

Nigerian National Petroleum Co's Mele Kyari wants to dispose of a dozen currently under-exploited blocks as quickly as possible. But most of the firms best positioned to win the bids have no experience in the sector.

Subscribers only Energy 12.02.2025

CEO of NNPC Mele Kyari during the CERAWeek oil summit in Houston, USA, 19 March 2024.

Nigeria
Oriental Energy finally gets its floating unit for Okwok field

Nigerian tycoon Muhammadu Indimi will unveil his new floating oil and gas production, storage and offloading unit in Dubai on 14 December.

Subscribers only Energy 06.12.2024

Spotlight | Gabon
Gabon Oil Co faced with wave of departures at Assala Energy

Having succeeded in raising the necessary funds to buy Carlyle's oil assets, Libreville must now ensure production does not fall by recruiting personnel with the necessary skills.

Subscribers only Energy 04.07.2024

Ivory Coast
Citoso Commodities to trade Baleine output with Augusta Energy

Citoso has chosen the Swiss trader after securing the contract to lift Petroci's share of the Baleine field.

Subscribers only Energy 06.06.2024

Ivory Coast
Citoso Commodities clinches ENI crude oil trading deal thanks to friends in high places

The company has just won a major contract for the Baleine field operated by Italian oil major ENI, thanks to its ties to entrepreneur Ahmed Cissé, the well-connected head of Ivory Coast's employers' organisation.

Free access Energy 26.03.2024

Guinea
Conakry continues to support Nigeria's Sahara Group amid criticism

Struck by fuel shortages following an explosion at the country's main oil depot, the Guinean government is trying to ease the crisis with its sustained support of Sahara Group. The Nigerian trader was singled out by Guinea's finance inspectorate for its "excessively high" margins.

Subscribers only Energy, Commodity traders 16.01.2024

The fire at Conakry's main fuel depot on 18 December 2023.

Gabon
Oligui pressures minister to retake control of Carlyle's oil assets

The Gabonese president has instructed oil minister Marcel Abeke to do all he can to bring in fresh funds and take back control of certain fields. Carlyle's oil assets look to be a key target.

Subscribers only Energy 20.12.2023

Transition President Brice Oligui Nguema in Burundi, 20 October 2023.

In Focus | Africa
From Dubai to Cape Town, upstart trader Coral Energy rolls out African offensive

Dubai-based Coral Energy has recently made an aggressive entrance on the oil trading market in several sub-Saharan African countries where competitors suspect it of reselling Russian products. Africa Intelligence lifts the veil on this little-known trader.

Subscribers only Energy 20.11.2023

From left to right: Coral's founder, Azerbaijani Tahir Garayev, his compatriot Ahmed Karimov and the head of the Rosneft group, Igor Setchine.

Kenya
Oryx Energies looks to increase market share with Gulf fuel

Though currently a small player in the sector, Oryx Energies is planning to open four more petrol stations following a deal reached with Saudi Arabia and the UAE.

Subscribers only Energy, Commodity traders 19.10.2023

Cameroon
China's Addax blames catastrophic drilling campaign on outsiders

Addax Petroleum's drawn-out drilling campaign in Cameroon stuttered to a halt in September. Its leaders are laying the blame for the failure of the costly $180m operation on the former boss of the firm's Cameroon subsidiary, Roger Beaumont.

Subscribers only Energy 16.10.2023

Niger
China tightens grip on Niger's oil with Sinopec

China's state-run oil major Sinopec has set it sights on the western African country, where it is poised to become the second largest Chinese firm operating there behind China National Petroleum Corp (CNPC), an old hand in Niger.

Subscribers only Energy 05.06.2023

Nigeria
NNPC relocates trading subsidiary to Dubai

Just weeks before Nigeria's president elect Ahmed Bola Tinubu takes office, the state-owned oil company NNPC is reorganising its crude oil trading to maximise profits.

Subscribers only Energy 07.04.2023

Cameroon
Biya administration takes Addax Petroleum to task over breaches

Relations between Yaoundé and the subsidiary of Chinese oil giant Sinopec have hit a new low. Having already been slammed for not employing enough Cameroonian staff, Addax is now accused of breaching labour laws following a police raid on its offices.

Subscribers only Energy 06.04.2023

Gabon
Ex-Addax temp workers pursue fight over pay

Several Addax Petroleum and Sino Gabon former temporary workers have doubled down on their fight against Sinopec's two subsidiaries.

Subscribers only Energy 17.03.2023

Cameroon
Sinopec and Perenco frustrated as Addax Petroleum drilling campaign fails to produce results

Addax, a subsidiary of Chinese major Sinopec, has drilled a number of wells in Cameroon but has failed to significantly increase its production there, to the great displeasure of its two local partners.

Subscribers only Energy 21.02.2023

Mauritania
Addax Energy and Coral Energy battle for bunkering contract

Mauritania's historical supplier of petroleum products, Addax Energy, and a newcomer to the African market, Coral Energy, are both bidding for a deal to refuel vessels off the country's coast.

Subscribers only Energy 08.02.2023

Gabon
Schlumberger, GE, Spie... the contractors at the heart of a quiet local content revolution

After extending carte blanche for decades, the Ministry of Hydrocarbons has decided to make oil subcontractors' activities conditional on obtaining technical approval. This is a symbolic financial measure, but its implementation is causing concern among the companies concerned.

Subscribers only Energy 18.10.2022

Gabon
Social storm grows for Port-Gentil private security providers

The primary security providers protecting the oil infrastructure in Port-Gentil have been rocked by unrest within their ranks, and the situation is beginning to worry their clients.

Subscribers only Defence, Energy 17.10.2022

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Nigeria
The latest secrets of a $10bn legal scandal between Abuja and London

Cameroon, Central African Republic
Between business and politics, the secrets of Antoine Ndzengue's rise

Addax Petroleum

South Africa
PetroSA's bad business of petroleum product trading

West Africa
Sanctions-hit Dubai trader Coral Energy reinvents itself again

Spotlight | Nigeria
NNPC boss hopes to clinch block sell-offs ahead of his rumoured exit

Nigeria
Oriental Energy finally gets its floating unit for Okwok field

Spotlight | Gabon
Gabon Oil Co faced with wave of departures at Assala Energy

Ivory Coast
Citoso Commodities to trade Baleine output with Augusta Energy

Ivory Coast
Citoso Commodities clinches ENI crude oil trading deal thanks to friends in high places

Guinea
Conakry continues to support Nigeria's Sahara Group amid criticism

Gabon
Oligui pressures minister to retake control of Carlyle's oil assets

In Focus | Africa
From Dubai to Cape Town, upstart trader Coral Energy rolls out African offensive

Kenya
Oryx Energies looks to increase market share with Gulf fuel

Cameroon
China's Addax blames catastrophic drilling campaign on outsiders

Niger
China tightens grip on Niger's oil with Sinopec

Nigeria
NNPC relocates trading subsidiary to Dubai

Cameroon
Biya administration takes Addax Petroleum to task over breaches

Gabon
Ex-Addax temp workers pursue fight over pay

Cameroon
Sinopec and Perenco frustrated as Addax Petroleum drilling campaign fails to produce results

Mauritania
Addax Energy and Coral Energy battle for bunkering contract

Gabon
Schlumberger, GE, Spie... the contractors at the heart of a quiet local content revolution

Gabon
Social storm grows for Port-Gentil private security providers

Refine your search

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

Subscription

Indigo Publications' websites

Nigeria The latest secrets of a $10bn legal scandal between Abuja and London

Cameroon, Central African Republic Between business and politics, the secrets of Antoine Ndzengue's rise

West African cocoa cartel battles with the traders

Cabo Delgado: a gas Eldorado and security nightmare

Makhzen Inc. or the ever more prosperous business empire of Mohammed VI's entourage

Addax Petroleum

South Africa PetroSA's bad business of petroleum product trading

West Africa Sanctions-hit Dubai trader Coral Energy reinvents itself again

Spotlight | Nigeria NNPC boss hopes to clinch block sell-offs ahead of his rumoured exit

Nigeria Oriental Energy finally gets its floating unit for Okwok field

Spotlight | Gabon Gabon Oil Co faced with wave of departures at Assala Energy

Ivory Coast Citoso Commodities to trade Baleine output with Augusta Energy

Ivory Coast Citoso Commodities clinches ENI crude oil trading deal thanks to friends in high places

Guinea Conakry continues to support Nigeria's Sahara Group amid criticism

Gabon Oligui pressures minister to retake control of Carlyle's oil assets

In Focus | Africa From Dubai to Cape Town, upstart trader Coral Energy rolls out African offensive

Kenya Oryx Energies looks to increase market share with Gulf fuel

Cameroon China's Addax blames catastrophic drilling campaign on outsiders

Niger China tightens grip on Niger's oil with Sinopec

Nigeria NNPC relocates trading subsidiary to Dubai

Cameroon Biya administration takes Addax Petroleum to task over breaches

Gabon Ex-Addax temp workers pursue fight over pay

Cameroon Sinopec and Perenco frustrated as Addax Petroleum drilling campaign fails to produce results

Mauritania Addax Energy and Coral Energy battle for bunkering contract

Gabon Schlumberger, GE, Spie... the contractors at the heart of a quiet local content revolution

Gabon Social storm grows for Port-Gentil private security providers

Refine your search

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Nigeria
The latest secrets of a $10bn legal scandal between Abuja and London

Cameroon, Central African Republic
Between business and politics, the secrets of Antoine Ndzengue's rise

South Africa
PetroSA's bad business of petroleum product trading

West Africa
Sanctions-hit Dubai trader Coral Energy reinvents itself again

Spotlight | Nigeria
NNPC boss hopes to clinch block sell-offs ahead of his rumoured exit

Nigeria
Oriental Energy finally gets its floating unit for Okwok field

Spotlight | Gabon
Gabon Oil Co faced with wave of departures at Assala Energy

Ivory Coast
Citoso Commodities to trade Baleine output with Augusta Energy

Ivory Coast
Citoso Commodities clinches ENI crude oil trading deal thanks to friends in high places

Guinea
Conakry continues to support Nigeria's Sahara Group amid criticism

Gabon
Oligui pressures minister to retake control of Carlyle's oil assets

In Focus | Africa
From Dubai to Cape Town, upstart trader Coral Energy rolls out African offensive

Kenya
Oryx Energies looks to increase market share with Gulf fuel

Cameroon
China's Addax blames catastrophic drilling campaign on outsiders

Niger
China tightens grip on Niger's oil with Sinopec

Nigeria
NNPC relocates trading subsidiary to Dubai

Cameroon
Biya administration takes Addax Petroleum to task over breaches

Gabon
Ex-Addax temp workers pursue fight over pay

Cameroon
Sinopec and Perenco frustrated as Addax Petroleum drilling campaign fails to produce results

Mauritania
Addax Energy and Coral Energy battle for bunkering contract

Gabon
Schlumberger, GE, Spie... the contractors at the heart of a quiet local content revolution

Gabon
Social storm grows for Port-Gentil private security providers