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Africa's oil: potential and implications

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  • Gawdat Bahgat

Abstract

On 1 January 2007, the Republic of Angola officially joined the Organization of the Petroleum Exporting Countries (OPEC). Luanda's accession is the first change in the organization's membership in more than three decades. This significant development demonstrates Africa's growing contribution to the overall global energy security. This study examines the oil outlook of the major producers in the continent: Nigeria, Angola and Sudan. It also analyses the growing interdependence between major oil consuming nations (the United States, China and the European Union) and African producers. The contention is that increasing production from Africa and consolidating partnership with OPEC Members will contribute to global energy security and further enhance cooperation between producers and consumers.

Suggested Citation

  • Gawdat Bahgat, 2007. "Africa's oil: potential and implications," OPEC Energy Review, Organization of the Petroleum Exporting Countries, vol. 31(2), pages 91-104, June.
    • Handle: RePEc:bla:opecrv:v:31:y:2007:i:2:p:91-104
    DOI: 10.1111/j.1468-0076.2007.00178.x
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    Cited by:

    1. Pádraig Carmody, 2008. "Matrix Governance, Cruciform Sovereignty and the Poverty Regime in Africa," The Institute for International Integration Studies Discussion Paper Series iiisdp267, IIIS.
    2. Palazuelos, Enrique, 2010. "The role of transnational companies as oil suppliers to the United States," Energy Policy, Elsevier, vol. 38(8), pages 4064-4075, August.

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