Oil and gas in Africa / joint study by the African Development Bank and the African Union.

Format:

Book

Author/Creator:

African Development Bank.

Contributor:

African Development Bank.

African Union.

Series:

Oxford scholarship online.

Oxford scholarship online

Language:

English

Subjects (All):

Petroleum industry and trade--Africa.

Petroleum industry and trade.

Gas industry--Africa.

Gas industry.

Petroleum--Africa.

Petroleum.

Natural gas reserves--Africa.

Natural gas reserves.

Physical Description:

1 online resource (270 pages) : illustrations, tables, maps

Edition:

1st ed.

Place of Publication:

Oxford : Oxford University Press, 2023.

Language Note:

English

Summary:

This text presents a comprehensive analysis of the oil and gas resources in Africa. It uniquely highlights, through country examples, and with an African focus but a global perspective, the specific challenges and constraints facing the continent as a whole in the exploitation and utilization of its oil and gas resources.

Contents:

Intro

Contents

List of Figures, Tables, Boxes, and Map

Acronyms and Abbreviations

Executive Summary

1 Introduction

1.1 Renewed Focus on Oil and Gas

1.2 Recent Developments

1.3 Africa's Oil and Gas Resources

1.4 Objectives of the Report

1.5 Scope

1.6 Outline

2 Oil and Gas in Africa

2.1 The International Perspective

2.1.1 Evolution of World Energy Markets

2.1.2 Trends in Prices of Crude Oil and Petroleum Products

2.1.3 Market Dynamics: Emerging Trends

2.1.4 Supply and Demand Outlook

2.1.5 Global Energy Resource Profile: Oil and Gas in Perspective

2.1.6 Trends and Patterns of Global Energy Production and Consumption

2.2 Oil and Gas and the Global Economy

2.2.1 Impact of Oil and Gas Prices on the Global Economy

2.2.2 Importance of Petroleum Products

2.2.3 Natural Gas and Biofuels

2.3 Africa's Oil Reserves and Production

2.3.1 Reserves

2.3.2 Production

2.3.3 Exploration and Planned Production

2.3.4 Main Trends and Expected Upstream and Downstream Developments

2.4 Oil Trade in Africa

2.5 Africa's Consumption of Oil

2.6 Gas Reserves

2.7 Gas Production

2.8 Consumption of Gas

2.9 Natural Gas Market Dynamics

2.10 Africa's Position on the Global Energy Scene

2.10.1 Africa's Imminent Energy Crisis

2.11 Summary and Conclusion

3 Maximizing the Benefits from Africa's Oil and Gas Resources

3.1 Introduction

3.1.1 What Is the Resource Curse?

3.2 Wealth Creation

3.2.1 Oil and Gas Resources and Wealth Creation

3.2.2 Management of Oil and Gas Resources

3.2.3 Sustainable Resource Development

3.3 Resource Curse: The African Context and Experience

3.3.1 High Export Dependence in Africa's Resource-Rich Countries

3.3.2 Foreign Direct Investment in Resource-Rich Countries

3.3.3 Growth Performance: Resource-Rich Countries.

3.3.4 Savings in Resource-Rich Countries

3.3.5 Human Capital Development and Income Distribution

3.4 Policies and Governance

3.4.1 Poor Decision-Making

3.4.2 Corruption and Rent Seeking

3.4.3 State Predation

3.4.4 Sociocultural and Political Impacts

3.4.5 Resource Governance Policy Initiatives

3.5 Summary and Conclusion

4 Impact of High Oil Prices on African Economies

4.1 Impact of Oil Prices on Africa

4.1.1 Literature Review

4.1.2 Impact of High Oil Prices on GDP

4.1.3 Impact of High Oil Prices on Domestic Prices

4.1.4 Social Impacts of High Oil Prices in Africa

4.2 AfDB Model of the Impact of High Oil Prices

4.2.1 Overview of the Model

4.2.2 Results

4.2.3 Policy Implications

4.2.4 Summary of Results

4.3 Coping with High Oil Prices

4.3.1 Price-Based Policies

4.3.2 Policies to Reduce the Cost of Supply

4.3.3 Quantity-Based Policies

4.3.4 Increasing Domestic Supply

4.3.5 Diversification into Non-Petroleum Sources of Energy

4.3.6 Other Domestic Policies

4.4 Summary and Conclusion

5 Challenges and Opportunities

5.1 Making Oil and Gas Wealth Work for the Poor

5.2 Oil and Gas Wealth and the Enabling Environment

5.3 Challenges

5.3.1 Net Oil-Importing Countries in Africa

5.3.2 Net Oil-Exporting Countries in Africa

5.3.3 Regional Integration

5.3.4 Information as a Challenge

5.3.5 Inadequate Policy and Legal Framework

5.4 Opportunities

5.5 Summary and Conclusion

6 Conclusions and Recommendations

6.1 Introduction

6.2 Sustainable Management of Oil and Gas Revenues

6.2.1 Economic and Social Measures for Maximizing the Benefits of Oil and Gas Resources

6.3 Implications for the AU, the AfDB, and Other Development Partners

6.3.1 Implications for and Role of the African Development Bank

6.3.2 Implications for the African Union.

6.3.3 Implications for Other Development Stakeholders

6.4 Recommendations

6.4.1 At the Continent Level

6.4.2 At the Regional Level

6.4.3 At the Country Level

Bibliography.

Notes:

Formerly CIP.

Previously issued in print: 2009.

Includes bibliographical references.

Derived record based on print version record and publisher information.

ISBN:

1-383-04629-8

0-19-157136-9

OCLC:

609850485