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Covid could upend several African countries’ plans to fuel economic growth with oil and gas

Tim McDonnell
A worker walks by an oil well at the Toma South oil field to Heglig, in Ruweng State

When coronavirus forced the world into lockdown, it punched a hole in global oil demand and sent prices crashing to historic lows. The result was an overnight fiscal catastrophe for oil-dependent African economies like Nigeria that were accustomed to building their budgets on oil prices double what they are now. But it also sent shockwaves…

 

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