The fate of Nigeria’s economy has long been intertwined with the trajectory of its single-largest export: oil. As a result, the country is sensitive to the ups and downs of the global crude market, which can have significant repercussions on domestic growth and capital accumulation. Oil prices thus play a crucial role in underwriting both the short-...
Across Libreville, Gabon’s economic and political capital, construction is booming. New apartment projects stand beside office-tower scaffolding. Outside the city centre, ground is being cleared beside the village of Nkok to make way for large industrial projects in the newly inaugurated special economic zone. Inland, mining projects across the...
In April 2011 a four-day strike by the National Oil Workers Union (l'Organisation Nationale des Employés du Pétrole, ONEP) caused severe disruptions to oil production across Gabon and cost the government an estimated CFA59bn (€88.5m). Total and Shell’s operations were completely shut down and Tullow Oil experienced severe disruptions. After...
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