Africa’s New Oil and Gas Producers Must Prepare for More Disappointment in the Post Coronavirus Era
The crash in oil and gas prices, triggered by the coronavirus pandemic and the slump in economic activity, has dealt a blow to the plans and public finances of major oil- and gas-producing countries. But a group of countries in sub-Saharan Africa once designated as “prospective producers” are facing a different challenge.
How Did Africa’s Prospective Petroleum Producers Fall Victim to the Presource Curse.
This paper reviews resource sector developments in 12 countries in Sub-Saharan Africa that made their first (major) petroleum discoveries during the most recent commodity boom. The analysis, which goes back to 2001, looks at sector forecasts of international organizations, governments, and companies and compares them with the results that emerged.
Left Stranded? Extractives-Led Growth in a Carbon Constrained World
This paper challenges the assumption that extractives will be the primary driver of economic development in extractives-rich low-income countries.
The Cost of an Emerging National Oil Company
Emerging NOCs need to adjust their plans and ambitions to the new realities of price and competition for investment, writes Valérie Marcel.
Institutional Design in Low-Capacity Oil Hotspots:
This paper focuses on low-capacity countries that were courted by investors seeking access to petroleum resources during the exploration boom. The key question that emerges in all cases was how to organize and manage the petroleum sector in order to maximize the public benefit derived from oil and gas resources. In particular, what role should national oil companies and other governing bodies have?