Overview of Africa’s oil and gas resources
Africa is a continent rich in natural resources. Most African countries are now becoming known in the global market for their exemplary performance in various economic sectors, particularly in the livelihood and manufacturing industries. But the continent also boasts with its deep pockets of oil and natural gas.
The northern part of Africa, for instance, has a well-established oil industry, with large downstream and upstream activities. The problem, however, is that north Africa is threatened with civil and regional conflicts. West Africa also has a large oil and gas reserve, in which Nigeria and Angola dominate most of the production activities. But there is a problem, as well, the rest of the West African’s oil production are overlooked and has little domestic market activities.