Low oil prices and low revenue – Here’s Gabon’s solution…
Low oil prices and low revenue – Here’s Gabon’s solution… Oil producing countries in Africa are experiencing major pressure due to the drop in price, whilst oil importing countries are benefitting economically. According to “How we Made it in Africa”, the oil price has dropped rapidly over the past two years, going from $120 a barrel to $30 a barrel, where they expect it to remain below the $100 a barrel mark for the next few years. The hardest hit oil-producing countries in