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BMI View: Oil projects continue to remain the focus of investment in the SSA region, though the pullback
in capital expenditure is impacting all areas. Deepwater developments, LNG projects and refining plans are
being hardest hit.
Latest Updates And Key Forecasts
- Ceasefire between the Niger Delta Avengers and the Nigerian government offer a glimmer of hope for a
recovery in Nigeria's oil production.
- Cote d'Ivoire, Ghana and South Africa hold SSA's greatest potential as LNG export destinations.
- Commerciality of the SNE field supports our view for the emergence of Senegal as a frontier bright spot.
- The Afungi LNG project looks likely to progress despite a lack of binding Sales and Purchasing