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Chapter 2. Country Overview

Chapter 2. Country Overview »

Source: Lifting the Oil Curse : Improving Petroleum Revenue Management in Sub-Saharan Africa

Series: IMF Special Issues

Author(s): Harinder Malothra , Milan Cuc , Ulrich Bartsch , and Menachem Katz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 January 2004

ISBN: 9781589063174

Keywords: fiscal policy, oil sector, oil companies, exchange rate, oil prices

The seven countries in the group of oil-producing African countries together produced an average of 3.8 million barrels of oil per day in 2001, equivalent to 5 percent of world oil production. Their total pr...