African Energy Road to Recovery - How the African Energy Industry Can Reshape Itself for a Post-Covid-19 Comeback (Hardcover)

Africa's oil and gas industry is facing extraordinary circumstances. An ongoing energy transition and new efforts to decarbonize the world are weighing on oil demand. The shale revolution is exacerbating these pressures. And of course, the COVID-19 pandemic has wrought havoc on markets around the world, accelerating and intensifying existing trends. External headwinds are forcing African petroleum producers to re-examine their strategies. Conventional petroleum resources here should be globally competitive, but growth has lagged because of conditions above the ground, not below. Restrictive fiscal regimes, inefficient and carbon-intensive production, and difficulties in doing business are preventing the industry from reaching its full potential. As companies delay projects and cut costs, planned capital expenditure in 2020-2021 has fallen from $90 billion pre-COVID-19, to $60 billion now. To remain competitive, African producers and governments must adapt. But how can they do it when the economic order is being remade? The Road to Recovery addresses these challenges head-on, detailing all of the major challenges facing African oil and gas stakeholders, as well as workable solutions that will keep the industry on a strong and stable growth path. Again and again, our oil and gas sector has proven its resilience and adaptability. The world still needs oil and gas, and Africa still holds enormous untapped potential. The African Energy Chamber will remain a committed partner of choice for the industry as we advance into an uncertain future.

General

Imprint:	Made for Success
Country of origin:	United States
Release date:	April 2021
Authors:	The African Energy Chamber • H.E. Mohammad Sanusi Barkindo • Ann Norman
Dimensions:	297 x 210mm (L x W)
Format:	Hardcover - Laminated cover
Pages:	220
ISBN-13:	978-1-64146-569-4
Categories:	Books > Business & Economics > Business & management > International business Books > Business & Economics > Economics > International economics > General Books > Business & Economics > Industry & industrial studies > Energy industries & utilities > General
LSN:	1-64146-569-7
Barcode:	9781641465694

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