Nigeria: delta of trouble
Nigeria planned to clean up its oil sector and increase production, but the optimism is fading
WHEN Muhammadu Buhari assumed Nigeria's presidency for the second time in May 2015, many hoped his new broom would sweep aside the problems dogging the oil and gas sector's development. An overhaul of the industry's organisational and investment frameworks and a serious push to tackle the causes of instability in the industry's Niger delta heartland were at the top of his agenda. Just over a year on, progress has been patchy. New militant groups are now bombing oil and gas installations in the delta, cutting supply drastically, while the long-delayed Petroleum Industry Bill (PIB), intended to redefine the state's relationship with its partners in the energy sector, remains where it was - b
Also in this section
1 November 2024
Ashgabat’s ambitions appear to mesh well with China’s growing appetite for gas
31 October 2024
The country is nearing a tipping point as its domestic needs continue to grow
30 October 2024
Attempts to control domestic fuel prices could threaten supply
29 October 2024
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