Related Articles
Forward article link
Share PDF with colleagues

West Africa’s oil and gas sector faces a pivotal few years

Instability in the region has impacted upon exports, but can these countries overcome this to become reliable wordwide players?

A few years ago, one oil supplier above all others – Nigeria – vexed the thoughts of traders in New York. A pipeline outage or saboteur’s attack in the Niger Delta would have an immediate impact on oil prices. The rebels knew how important their country’s oil was to the US and causing havoc in the market across the Atlantic was part of the ploy. In 2004, Nigeria’s light, sweet crude oil accounted for about 10% of US imports, giving Africa’s biggest oil producer an outsized influence on the price of American fuel. Refineries in the US northeast depended on Nigeria. Unrest in the country, which frequently shut in much Nigerian oil, was one of the supply-side forces that helped send crude pric

Also in this section
Venezuela going for broke
16 January 2018
The Maduro government wants a new deal on its debt. Things are going to get messy
Iraqi Kurdistan sinking fast
11 January 2018
The future of the KRI's oil sector is uncertain, with the federal government determined to bring all the country's production and exports back under its wing
Iraqi Kurdistan's wrong turn
11 January 2018
Burdened by political and economic crises at home, the autonomous region faces difficult talks with a newly confident federal government in Baghdad