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Angola's gas breakthrough
While commerciality still needs to be fully confirmed, Azule has hailed the find as a “landmark moment” for gas exploration in the southwest African country—better known for its substantial oil production.
Nigeria bullish about oil recovery
Efforts to restructure and boost investment appear to be working, but doubts remain about the plan to almost double crude production by 2030
Untangling Dangote’s supply
The Nigerian mega-refinery has yet to reach its full product-producing potential
Nigeria’s first FLNG project faces supply problem
The lack of a gas supply contract means the development is likely to face further delays
African divestment deals are back in the frame
After some delay, the much-heralded sale of oil and gas companies’ mature upstream assets in sub-Saharan Africa has gained fresh momentum, with a clutch of deals reaching completion
Sonangol must escape former regime’s shadow to achieve IPO
Angola is unlikely to meet the official timeline for an IPO of state-owned oil giant Sonangol in 2026
Letter on Africa: New African refineries could help break old dependencies
A profound shift is occurring in the global refining sector, one which might help redefine Africa’s place in worldwide trade networks
Dangote dispute goes public
Ifeanyi Onyegiri, senior analyst for sub-Saharan Africa at consultancy Welligence, talks to Petroleum Economist about the latest controversies surrounding Nigeria’s Dangote refinery
Nigeria’s gas ambitions gain ground
But regulatory and feedstock issues continue to hinder the pace of progress
Dangote poised to fulfil gasoline goals
But the commissioning process is ongoing and initial gasoline output may be limited
Nigeria Angola LNG Angola
Nick Branson and Ed Hobey-Hamsher
27 December 2019
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The diverging fortunes of Africa’s crude kings

Profound differences in governance style will impact the speed and development of future energy projects across Angola and Nigeria

The 2014 oil price collapse hit Nigeria and Angola hard. Successive years without final investment decisions (FIDs) left sub-Saharan Africa’s top two oil producers confronting maturing fields and declining production. In Nigeria, president Muhammadu Buhari has done little to rekindle investment since assuming office in 2015—operators now face another three years of his slow-moving administration. By contrast, Angola’s head of state, Joao Lourenco, was quick to enlist the support of oil majors after assuming power in September 2017. The countries’ trajectories will continue to diverge in 2020 as Lourenco’s reforms reap rewards and Buhari continues to dither. Regulatory reforms Key to revivin

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