Monday, 14 January 2013

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Oil and Gas

By Oton Buraya


In Africa lately released the first time an oil finding in the Lake Turkana region in the northeast of the nation, growing to be the third oil producer in East Africa right after Uganda and Tanzania.

Africa offers substantial oil resources, with traditional oil-producing countries mainly in North Africa and West Africa, including Equatorial Guinea, Gabon, Sudan , Congo, Nigeria, Angola, and Chad. These days, some nations in East Africa and West Africa, including Ghana, Liberia and Sierra Leone, discovered large oil reserves and joined in oil production.

Large natural gas resources are also discovered in South Africa. In February, 2010, significant gas sources were discovered in Mozambique just offshore and considerable natural gas resources readily available industrial exploitation were also located in Namibia and Botswana.

Finding a new offshore oilfield in Angola, a regular oil-producing country, is predicted to swap Nigeria to be the largest oil producer in Africa. Besides, oil exploration in Madagascar, Seychelles, Ethiopia and Somalia is under way.

As an rising number of African countries have discovered oil and gas assets, how to prevent "Resource Curse" becomes a significant problem confronting new oil-producing nations. Donald Kaberuka, President of the African Development Bank, explained that African countries with new discovery of oil and gas resources should put money into education and facilities construction, and support traditional industries, so as to lay a solid foundation for ecological development.

The Kenyan government points too it will invest 15 billion shillings (180 million dollars) in mineral development. The Ugandan govt has worked out scientific plans involving highway, railway and energy development and approved a plan of creating a refinery. An oil pipeline is going to be built from Lake Albert to Kampala, the main city city of Uganda.




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