1 September 2009
Nigeria: Oil-for-infrastructure policy a failure
NIGERIA's oil-for-infrastructure programme has produced no benefits for either the country or the Asian national oil companies (ANOCs) that participated in them, says London-based think tank Chatham House. That failure contrasts strongly with China's much more successful collaboration with another African government, in Angola. While the difficult business environment in Nigeria's energy sector is no secret, the report, Thirst for African Oil, illustrates the poor execution of the government's plans to attract Asian investors. It also suggests that the Chinese, Indian, South Korean and Japanese companies that were attracted by the preferential terms on offer, misjudged the underlying agenda

Also in this section
25 July 2025
Mozambique’s insurgency continues, but the security situation near the LNG site has significantly improved, with TotalEnergies aiming to lift its force majeure within months
25 July 2025
There is a bifurcation in the global oil market as China’s stockpiling contrasts with reduced inventories elsewhere
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
24 July 2025
Trump energy policies and changing consumer trends to upend oil supply and demand