المستخلص: |
The African countries in general, and sub-Saharan countries in particular, gained increasing importance due to their potential role in the global energy sector, as about 30% of new discoveries of oil and natural gas in the world have been made in sub-Saharan countries during the period of 2013-2018. Eastern African countries, began formulating new legislations for the development of their hydrocarbon industries in an attempt to attract foreign investments. The study aims to review the oil and natural gas industry in the African countries, and analyze the main energy indicators related to reserves, production, consumption, and trade, as well as future prospects for the oil and natural gas industry in African countries and their implications for the global energy markets and for the OAPEC’s member countries. The study includes eight sections; recent economic development, with emphasis on GDP and population during the period of 1980- 2016; development of oil and natural gas sector through following up the developments in reserves and exploration activities, production, and refining industry; energy consumption; oil trade during the period 2000-2016; future expectations of energy production and consumption up to 2040; final consumption of energy by economic sectors; future development of oil and natural gas sector; and the implications of future development in oil and natural gas sector in African countries on world energy markets in general, and on OAPEC’s member countries in particular.
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