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A Guyanese historian, Walter Rodney, posits that foreign ownership of African natural resources is the "most direct way" that rich countries continue to dominate African states without formally colonizing them: "When citizens of Europe own the land and the mines of Africa, this is the most direct way of sucking the African continent." [9]
According to BMC, "Nigeria is Africa's energy giant. It is the continent's most prolific oil-producing country, which, along with Libya, accounts for two-thirds of Africa's crude oil reserves. It ranks second to Algeria in natural gas. [8] Most of Africa's bitumen and lignite reserves are found in Nigeria. In its mix of conventional energy ...
Some statistics on this page are disputed and controversial—different sources (OPEC, CIA World Factbook, oil companies) give different figures. Some of the differences reflect different types of oil included. Different estimates may or may not include oil shale, mined oil sands or natural gas liquids.
Equatorial Guinea has Africa's highest GDP per capita. Oil-rich countries such as Algeria, Libya and Gabon, and mineral-rich Botswana have emerged among the top economies since the 21st century, while Zimbabwe and the Democratic Republic of Congo are potentially among the world's richest nations by natural resources, but have sunk into the list ...
In recent years, a significant amount of foreign-based oil drilling has begun in South Sudan, raising the land's geopolitical profile. Oil and other mineral resources can be found throughout South Sudan, but the area around Bentiu is commonly known as being especially rich in oil, while Jonglei, Warrap, and Lakes have potential
Russia's top diplomat pledged help and military assistance while on a whirlwind tour of several countries in Africa's sub-Saharan region of Sahel this week, as Moscow seeks to grow its influence ...
The peninsula is commonly described as "oil-rich", though in fact no commercially viable deposits of oil have been discovered. However, the area has aroused considerable interest from oil companies in the light of the discovery of rich reserves of high grade crude oil in Nigeria. At least eight multinational oil companies have participated in ...
The number of Chinese people living in Angola is estimated to have dropped from a peak of more than 300,000 during a post-civil war construction boom to less than 20,000 as a new president ...