Senegal’s Oil Projects Devastated by Virus–President The ripple effects of the COVID-19 pandemic have been devastating for the oil and gas dreams of Senegal, the Macky Sall has finally admitted. As he puts it: “We have seen major oil companies who are no longer capable of meeting their commitments in production. They cannot raise the…

Angola Renews Reforms, to Privatize More Than 70 State-Owned Companies 

  Angola Renews Reforms, to Privatize More Than 70 State-Owned Companies Angola plans to privatize 74 state companies over the next few years, predominantly those in the industrial sector, according to the prospectus sent to investors as part of the country’s Eurobond issuance. Africa’s second-largest crude producer has been battered by a fall in the price…

How Nigeria’s Oil Industry Went Local: The Unintended Benefits of Graft

How Nigeria’s Oil Industry Went Local The Unintended Benefits of Graft By Matt Mossman The biggest real-estate foreclosure in Manhattan’s history began with a Nigerian jet-fuel binge. Kola Aluko, now in hiding from the authorities of multiple countries, allegedly spent so much money on jet fuel that he could no longer pay the mortgage on his Midtown penthouse,…