Jump to navigation

Vol 48 No 14

Published 6th July 2007

Books on the boom

Africa's oil boom has inspired three very different books, which investigate the links between the billions of petrodollars and the persistent poverty and oppression reigning in so many oil-rich states.

Africa produces far less than the Middle East: around 2.6 million barrels a day from Nigeria and close to 2 mn. b/d from Angola by the end of 2008, compared to Saudi Arabia's 9 mn. plus b/d. However, a much greater share of West Africa's oil flows to the United States and Europe. Between them, Angola and Nigeria in 2006 supplied around 1.65 mn. b/d to the USA, compared to 1.6 mn. b/d from Kuwait and Saudi Arabia. The African share is likely to rise more quickly, given that West African crude oil is generally lighter (more versatile) and sweeter (less sulphur and other impurities) than Middle Eastern crude.

End of preview - This article contains approximately 1601 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.