2018/06/11 – We have covered this topic extensively in our book, Big Barrels: African Oil and Gas and the Quest for Prosperity, which looks at what African nations have done to better manage their hydrocarbon wealth and curb the potential negative effects of the oil industry on the economy.
The story of oil exploration in Africa is one of many failures and victories, of bold bets in unexplored areas that have brought great returns, of forgotten lands that only some bold few decided to venture in, in the search for riches. This has been the story for many of Africa’s current oil and gas hot spots. It’s hard to imagine that at one point in time, no one believed that Equatorial Guinea had oil or was even willing to try it out. Sudan, Chad, Kenya, Uganda, Tanzania, Senegal, Liberia… they are all in one way or another, nations whose potential was for long snubbed by international oil and gas companies, until one bold player took the chance and found these so desired resources. Continuer à lire … « In Niger’s Oil Industry, Fortune favours the bold »