The Road To Recovery: North Africa’s Oil and Gas Industry
North Africa’s oil and gas sector has had some difficult times over the past decade. But despite that the region as a whole still remains in the top league of African oil and gas producers.
The challenges the region has had to grapple with include:
• Unfavourable tax laws that helped to weaken the investment climate
• A failure over decades to curb domestic energy consumption
• The retention of fuel subsidies
• The high-profile terrorist attack on Algeria’s Amenas gas plant, which exposed the region’s vulnerability