Jump to navigation

Vol 55 No 18

Published 12th September 2014


Popping the gas balloon

Opacity and mismanagement in the oil and gas sector have turned financial problems into a much deeper economic crisis

Fixing the worsening crisis in the oil, gas and electricity industries is a key issue in this month's finance negotiations with investors and the International Monetary Fund. Not only are power cuts and rocketing fuel prices damaging the economy, the mismanagement of the gas processing project in Atuabo, Western Region, is reckoned to have cost the country over US$2 billion, ramping up the budget deficit.

End of preview - This article contains approximately 1071 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.