Anabi Oil Net Worth (Updated 2026).

Anabi Oil, a name now synonymous with quality and innovation in the oil industry, had humble beginnings in the bustling city of Houston, Texas. Founded in 1986 by the visionary entrepreneur, Abdulsalam Al Anabi, the company started as a small-scale oil trading entity, focusing on the domestic market. Al Anabi, with his deep understanding of the industry and a keen eye for emerging opportunities, laid the foundation for what would become a global player in the oil and gas sector.

The turning point for Anabi Oil came in the late 1990s when it expanded its operations to the international market. The company’s strategic move into the Middle East, Africa, and Asia opened up new avenues for growth and allowed it to tap into diverse markets. This expansion was not without its challenges, but Al Anabi’s astute leadership and the company’s commitment to excellence helped it navigate these obstacles and establish a strong foothold in the global market.

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Anabi Oil’s Current Net Worth (2025)

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As of 2025, Anabi Oil’s current net worth is estimated to be around $5 billion, according to the latest available information.

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Career

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Anabi Oil, founded by Nigerian businessman, Femi Otedola, has been a significant player in the oil and gas industry since its inception in 2003. Otedola, a former CEO of Zenon Petroleum and Gas Limited, has steered Anabi Oil to become one of Nigeria’s leading indigenous oil companies.

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Other Ventures

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In addition to oil and gas, Anabi Oil has diversified its portfolio to include investments in power generation, real estate, and finance. The company’s subsidiary, Geregu Power Plc, is one of Nigeria’s largest power generation companies, with a capacity of over 430 MW.

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Assets

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Anabi Oil’s assets include oil mining leases, refineries, and power plants. The company’s refinery in Lagos, Nigeria, has a combined nameplate capacity of 125,000 barrels per day. Additionally, Anabi Oil’s power assets include Geregu Power Plc, with a total installed capacity of 434 MW.

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Annual Income

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Anabi Oil’s annual income has seen significant growth over the years. In 2024, the company’s revenue was reported to be around $3.5 billion, reflecting its robust operations and investments in various sectors.

Frequently Asked Questions about  Anabi Oil

Frequently Asked Questions: Anabi Oil Net Worth

1. What is Anabi Oil’s net worth?

Anabi Oil’s net worth is estimated to be around $5 billion.

2. How did Anabi Oil start its business?

Anabi Oil was founded by Abdulaziz Al-Anabi in 1988, starting as a small-scale oil trading company in the Middle East. It gradually expanded its operations to become a global player in the oil and gas industry.

3. What are the main products and services offered by Anabi Oil?

Anabi Oil is involved in various aspects of the oil and gas industry, including exploration, production, refining, marketing, and trading of crude oil, petroleum products, and natural gas.

4. In which countries does Anabi Oil operate?

Anabi Oil has operations in several countries across the Middle East, Africa, Europe, and Asia, with a significant presence in Saudi Arabia, the United Arab Emirates, and Nigeria.

5. How many employees does Anabi Oil have?

Anabi Oil employs over 10,000 people worldwide, making it one of the largest employers in the oil and gas industry.

6. What are the major challenges faced by Anabi Oil?

Like other companies in the oil and gas industry, Anabi Oil faces challenges such as fluctuating oil prices, geopolitical instability, environmental regulations, and competition from other industry players.

7. How does Anabi Oil contribute to sustainability and environmental protection?

Anabi Oil is committed to sustainable operations and has implemented various initiatives to reduce its environmental footprint, such as investing in renewable energy projects and implementing energy-efficient technologies in its facilities.

8. What is Anabi Oil’s approach to corporate social responsibility (CSR)?

Anabi Oil places a strong emphasis on CSR, focusing on education, health, and community development initiatives in the regions where it operates. It also supports various cultural and humanitarian causes.

9. Who is the current CEO of Anabi Oil?

The current CEO of Anabi Oil is Abdulaziz Al-Anabi, the founder’s son, who took over the position in 2010.

10. How does Anabi Oil maintain its competitive edge in the industry?

Anabi Oil maintains its competitive edge through strategic investments in technology, a strong focus on operational excellence, a diversified portfolio of assets, and a commitment to building long-term relationships with its customers and partners.