![]() ![]() Part I of this series sought to put into context the quantity of East Africa’s oil and gas bounty and reveal the ubiquity of the resources to the rest of the globe.Īs the region will be a price-taker, selling its oil at the global price level, this study will use Dubai/Oman as the reference price for East Africa’s oil and seek to explain the global price level at which the region’s oil can be profitably extracted. In this second of a three-part series we continue to explore the quantum of oil and gas in East Africa, extraction economics of those hydrocarbons and marketing and conclude with examining development issues surrounding the discovery, extraction and marketing of crude petroleum and natural gas deposits in East Africa.
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