Reconfiguring the Global Oil Map
The Economist notes that, amid the conflict around Iran, oil and gas companies are increasing investment in Africa as a key alternative to the Middle East.
War with Iran could accelerate the revival of the continent’s hydrocarbon industry. As global oil markets convulse with each new development in the Iran war, producers are weighing the lasting ramifications of the conflict. One thing is certain: alternatives to the Middle East’s abundant hydrocarbons will remain in high demand. But where can they be found? Western oil majors have... ...
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