Oil - flickering signs of hope.

African BusinessNbr. 1999, September 1999

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Oil - flickering signs of hope.

There are flickering signs of a recovery in the country's oil and gas sectors. After years of inadequate funding, low exploration and a persistent national fuel scarcity, the sector is stable but its condition remains critical.

But industry experts warn that any rally is likely to be weak because of the absence of fundamental reforms, incessant communal crisis and corruption in the sector.

Nevertheless, exploration has picked up, rising to 12...

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