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Under pressure as oil prices fall

By: Publication details: mar. 2009Description: 2 p. ; 34-35 In: Petroleum Review 63Summary: Transcripción del resumen del autor. What a difference a year has made in the African oil industry. With sky-rocketing oil prices fuelling an expansion boom in 2007 and 2008, this year will be much tougher for the oil and gas sector in sub-Saharan Africa. OPEC has slammed the brakes on production to arrest a free-fall in prices sparked by the global recession, and this will harm African countries with newly-established production facilities. Even Nigeria's well-entrenched industry will suffer. Here, George Stone, in Cape Town, looks at the likely future fortunes of sub-Saharan Africa's two oil giants - Nigeria and Angola.
Item type: Artículo de Revista
Holdings
Current library Status Barcode
Biblioteca Alejandro Angel Bulgheroni Not for loan 200049086

Transcripción del resumen del autor. What a difference a year has made in the African oil industry. With sky-rocketing oil prices fuelling an expansion boom in 2007 and 2008, this year will be much tougher for the oil and gas sector in sub-Saharan Africa. OPEC has slammed the brakes on production to arrest a free-fall in prices sparked by the global recession, and this will harm African countries with newly-established production facilities. Even Nigeria's well-entrenched industry will suffer. Here, George Stone, in Cape Town, looks at the likely future fortunes of sub-Saharan Africa's two oil giants - Nigeria and Angola.

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