This Particular Oil Boom Is Going Under The Radar

Africa to host next oil boom?

Image Credits: jansgate / Flickr.


If anyone needed any further proof that Africa is shaping up as the next major hot spot in oil and gas, this year’s edition of Africa Oil Week will provide it.

The event launched amid higher oil prices and booming exploration activity across the continent with supermajors and independents both upbeat about their prospects there.

If we ignore the waywardness of oil prices, which served as the basis for Africa’s oil and gas recovery, and which can once again plunge local oil producers into recession should they drop, prospects are bright.

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