Positioning future strategies
Most oil producing countries in Sub-Saharan Africa rely heavily on oil export revenues. For them, the energy transition presents a dilemma. Governments and national oil companies (NOCs) want to increase oil and gas production – and revenue – but investors are increasingly moving to renewables and low carbon projects. Adam Pollard, Senior Research Analyst, Sub-Saharan Africa Upstream, Wood Mackenzie, reports.
Article details
Journal title: Petroleum Review
Region: Africa
Publisher: Energy Institute
Organisation: Wood Mackenzie
Subjects: Oil markets, Oil and gas, Oil production, Renewables, Low carbon, Energy transition