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Since independence in 2011 -- and during the preceding six years of autonomy -- the budget has depended overwhelmingly on oil revenues. However, production has contracted…
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DOI: 10.1108/OXAN-DB224941
ISSN: 2633-304X
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Moscow's straitened circumstances, and the increased Western interest in Libya as an oil and gas supplier, created incentives for Libyans and Westerners alike to explore increased…
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DOI: 10.1108/OXAN-DB268875
ISSN: 2633-304X
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Despite repeated disruptions to oilfields, the economy has broadly been on an improving trend, thanks to increased oil output and revenues compared with 2014-17. However, the…
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DOI: 10.1108/OXAN-DB244144
ISSN: 2633-304X
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Economic pressure on Maduro is mounting as foreign companies and banks respond to the August 5 US executive order tightening sanctions to prevent material assistance to his…
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DOI: 10.1108/OXAN-DB245909
ISSN: 2633-304X
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Venezuela’s oil industry has suffered serious difficulty for a number of years, and both domestic and international politics would have to change for things to improve materially…
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DOI: 10.1108/OXAN-DB246241
ISSN: 2633-304X
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Geographic
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The news will be noted in East Africa, where Total’s acquisition of Maersk Oil in August adds Kenya’s onshore oil reserves to its regional portfolio. However, expectations that…