Hydrocarbons are not the only underground resource to yield billions of dollars of profit in Saudi Arabia. The mining of metallic ores, phosphates, bauxite and construction materials is an area of growth that the government hopes will become the third pillar of the economy, after oil and petrochemicals. Indeed, Saudi Arabia encompasses geologically diverse areas that contain a wealth of resources...
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Bolstered by burgeoning cement and ceramics industries that draw on the natural resources of the Hajar Mountains, Ras Al Khaimah has one of the GCC’s more diversified economies. Continued investment in infrastructure is enabling further economic growth and encouraging foreign investment.
Over the last 50 years Gabon’s economy has been largely dependent on oil extraction and this continues to be true today. After reaching peak oil production in 1997, with an average of 370,000 barrels per day (bpd), maturing oil fields and slowing discovery rates have resulted in a decline in output to 245,000 bpd in 2012. Oil companies are embarking on major investment programmes to help boost...
Long viewed as a bastion of stability in the Central African region, thanks in part to large hydrocarbon revenues that have helped it maintain one of the highest levels of per capita income in the region, Gabon has been able to leverage its diplomatic clout throughout sub-Saharan Africa.
Articles & Analysis | Training day: The influx of new projects has resulted in a skills shortage from The Report: Ghana 2013
From the oil services firms building steel pallets in Takoradi, to marketing firms distributing fuel to industry, Ghana’s petrol companies offer attractive employment opportunities to the upwardly mobile populace. Prince Charles Dedjoe, the executive chairman of the Chadeco Group, told OBG, “The oil and gas sector is poised for growth, but the...
