Tag Archives | energy sector

Using Nigeria’s oil to diversify the national economy

Egypt’s Gas Production






Egypt’s oil production has been in decline for almost two decades; however this has been offset by the development of the natural gas industry. In fact, natural gas production
 has increased fivefold since the mid-1990s. Up to around 2004, gas production had increased by just enough to cater for rising consumption levels. Between 2005 and 2006 there was a surge in production, contributing to significantly higher hydrocarbon exports and growth of the region’s GDP.

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Angola

Oil in Angola











The hydrocarbon sector remains Angola’s main engine of economic growth, accounting for more than 96 percent 
of exports, 80 percent of government revenue, and in excess of 60 percent of GDP. Accordingly, any volatility in oil production and global oil prices tends to have a direct influence on the performance of the economy.

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Africa Brief

Infrastructure development will create strong economic future











Road and rail infrastructure development projects are highly advantageous for the future of the domestic economy …

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