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New Oil Producers in Africa Attract Investment as Established Players Lose Ground

Dulue Mbachu

Dulue Mbachu, an experienced journalist, covers business and politics for Allen Dreyfus.
  • Nigeria, Angola face declining production due to underinvestment
  • Newcomers like Namibia and Tanzania draw significant capital for exploration

Abuja, Nigeria – New African oil and gas producers are attracting investment at the expense of older players, as countries seize what may be their final opportunities to capitalise on fossil fuels ahead of the global energy transition.

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