Home Tags Crude oil prices

Tag: crude oil prices

Zimbabwe: What Does 2015 Hold

AFRICANGLOBE - In Zimbabwe the coming year holds fascinating promise. I estimate that up to $20 billion in various projects ranging from steel manufacture, to base metal and precious metal production on a large scale as well as major investment in agriculture and infrastructure and tourism ($3.5 billion in the Victoria Falls alone) are simply waiting for the right signals from Harare.

Africa’s Oil and Gas Outlook for 2012

If 2011 was a record year for elections in Africa, it was also the year frontier exploration for oil and gas came of age. Global crude oil prices have risen steadily since mid-2010, and with annual growth in Africa's oil production likely to be 4 percent over the next 5 years, the long-term triple digit oil price environment likely to stay, and proven oil reserves reaching 132.1 billion in 2010 (from and estimated 53.4 billion barrels in 1980), Africa has never been more attractive for the ambitious explorer.