Gustavson
Abstract
The author reviews the oil market in Africa. Some of the highlights are: Nigeria restructures NNPC to make it competitive, offers new terms; Libya redraws its concession terms in hopes of attracting more operators; New onshore finds may keep Gabon from becoming a producer in decline; and South Arica has struck what may be commercial oil south of Mossel Bay.
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The author reviews the oil market in Africa. Some of the highlights are: Nigeria restructures NNPC to make it competitive, offers new terms; Libya redraws its concession terms in hopes of attracting more operators; New onshore finds may keep Gabon from becoming a producer in decline; and South Arica has struck what may be commercial oil south of Mossel Bay.
Key concepts: Bay, Business, Economic growth, Development economics, Economics, Geography, Archaeology