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

  • 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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