March 1, 2021
Source: world oil

Oil majors’ green energy pivot hammers Africa’s largest economies

The decline of Angola, from being Africa’s top crude producer five years ago to barely pumping more than war-torn Libya today, shows the heavy toll of a slump in oil-industry investment. The nation’s production has fallen by more than a third since 2015. Despite government efforts to stimulate activity, just a handful of drilling rigs now work in the deep Atlantic waters that hold the country’s greatest resources.

   Read More About : Africa Investment Libya Angola
All News