In a global environment of low oil prices, the Emerging Gabon Strategic Plan has sought to diversify the economy away from hydrocarbons since 2010. As such, over recent years the government has increased development of the hydropower sector, as well as expanding the country’s large natural gas supplies. Despite the oil crisis, Gabon remains very much dependent on oil revenues. The government...
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An oil-rich equatorial country in West Africa, Gabon’s abundant natural resources have given it one of the highest per capita incomes on the continent, though lower oil revenues has seen growth contract in recent years.
With first production due to begin next year at Kenya’s newly developed oilfields in the north, plans are under way to put in place the necessary transport infrastructure to ship the country’s crude to the eastern coast.
Three years after the start of Nigeria’s power privatisation programme, the government is looking to burnish the attractiveness of the sector by providing a range of new incentives and guarantees.
In a bid to boost Egypt’s power generation capacity, government officials are looking to increase production from solar and other renewable energy sources.
Economic update | Report launch bodes well for energy exploration in Trinidad and Tobago
29 Nov 2016
Government efforts to improve transparency in Trinidad and Tobago’s energy sector are expected to help attract investors at a time when new reserves are being discovered.