How is Nigeria’s oil and gas industry faring in the face of the current pandemic?
Energy
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The dramatic slowdown in industrial production, energy demand and transport activity in the first quarter of 2020 has led to significantly lower levels of air pollution, sparking debate over whether the coronavirus outbreak will lead to permanent shifts in consumer and industrial behaviours that could reorient economic policy towards sustainable development goals.
Following a coronavirus-related fall in crude prices, oil-producing nations have sought to calm global markets by announcing a significant production cut, with Mexico standing to benefit from a special dispensation in output after striking a deal with the US.
Egypt’s total of 1173 recorded Covid-19 cases and 78 deaths, as of April 5, places Africa's third-most populous country significantly below the global per capita averages for both counts as the pandemic continues to disrupt the global economy.
Tunisia has started production at the long-awaited Nawara gas field, a development that is expected to transform the country’s energy balance and provide a significant boon to state finances.