Oil Economy Focus Rapid Review
There were favorable expectations in the first decade of the 2000s for West African petroleum: the owner of Vanco Energy, Gene Van Dyk, said in 2003: “In terms of reserves, I think that West Africa could reach 100 billion barrels, which is equivalent to Iran or Kuwait”; in 2002 Daniel Yergin, President of Cambridge Energy Research, noted that the petroleum industry was excited about West Africa; and the president of the Petroleum Financing Company, Robin West, indicated – also in 2002 – that in the short to medium term West Africa could be a source of petroleum more important than Russia… (Part 2 of the series “West Africa: Important for China, but still so for the US? – The importance for the US and China of sub-Saharan West African petroleum producers from 1999 to 2019”).
LINK TO THE SOURCE ARTICLE: West African oil potential 1999 to 2010 (Part 2)
