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Billions at Play - The Future of African Energy and Doing Deals (Hardcover, 2nd edition)
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Billions at Play - The Future of African Energy and Doing Deals (Hardcover, 2nd edition)
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Wall Street Journal Best Selling Book "I agree with the points
made-and with Ayuk's case for the critical role that OPEC will play
in helping African oil products achieve a much-deserved voice in
the petroleum industry." -OPEC Secretary-General, H.E. Mohammad
Sanusi Barkindo Two decades of negotiating African oil and gas
deals have given NJ Ayuk a grasp of the continent's energy
landscape that few can match. The American-educated, African energy
lawyer serves up generous doses of that insight in his second book,
Billions at Play: The Future of Africa Energy and Doing Deals.
Serving as a road map for the continent to do a better job of using
its vast energy resources to improve its peoples' lives, Ayuk
addresses how African countries can use their energy industries as
springboards for diversifying and growing their overall economies.
In addition, Ayuk shows how African governments and local companies
can negotiate better deals with international energy companies and
how the continent's countries can use marginal oil and gas fields
to develop domestic energy industries that, once strong, will
compete globally. Questions posed and answered: Why Africa's
fledgling natural gas resources can allow the continent to emerge
as a key global player in the industry What changes African
countries can make in order to become attractive investment
destinations The role that access to reliable, sustainable, and
affordable power can play in the acceleration of economic growth
Why and how American energy companies should stop curtailing their
investments in Africa And why the continent's energy industry needs
more women The book's underlying theme is that too often, natural
resources create wealth for foreign investors and a select group of
African elites while everyday people (and in turn, African
economies) fail to benefit. While it is easy to see that there is a
lack of local participation in African projects and an ongoing
challenge in securing necessary investment, we also need to
understand our role in this. We have to understand the importance
of creating enabling environments with attractive fiscal terms for
local and foreign investors, the role of stronger local content
policies in ensuring more local participation in the sector, and
the weight government and political uncertainty carries in moving
projects forward. "It's up to Africans to fix Africa," writes Ayuk.
This statement can be considered a living theme throughout the book
as he encourages that local companies and governments have to enter
into collaborative agreements rather than passive engagements with
IOCs and majors. "[We need] investors who show that they want to
fully participate with us, by coming in and building long-term
sustainable businesses that last and make a profit, create jobs and
further development." If you're ready to dive headfirst into
accessing a frank analysis and examination of the African energy
landscape and how Africans can begin to fix Africa, jump into the
pages of Billions at Play.
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