Investment by international mining companies has long formed a key part of the country’s economic backbone, with extraction often receiving the largest share of foreign direct investment (FDI). While its share of total FDI stock in South Africa remains solid, capital flows into extractive industries were hit hard by the global economic crisis and...
Are there any components of the petroleum industry that could benefit from relaxed legislation?
The mining industry has long been a driving force behind South Africa’s economic growth. Although some mines have reached maturity, the country still relies heavily on its mineral output and the industry’s producers have become global behemoths. South Africa’s total reserves, while diminished, remain some of the world’s most valuable, with an...
The Dar An-Naft, or “House of Oil”, is a museum in Awali that tells the story of how the Kingdom’s discovery of oil in 1932 transformed an economy based on pearl trading to one of hydrocarbons, blazing a trail that the rest of the Gulf states subsequently followed.
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