AFRICA OIL CONFERENCE
May 1st, 2003
BY KEITH NUTHALLMOVES to spread the wealth generated by the African oil industry amongst local populations have been debated at the 7th African Oil & Gas, Trade & Finance Conference, in Luanda, Angola. Co-organiser the UN Conference on Trade and Development (UNCTAD) promoted ways of transforming the industry "from its present status as a virtual enclave in which foreign companies absorb most of the gross revenue." Notably, the agency suggested schemes to build gas-powered power plants in electricity-poor areas, using oil and gas field flare offs. The ...
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