The Gulf of Guinea Advantage in Global Energy Supply Equation

27.04.2012
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gulfofguinea

The Gulf of Guinea is fast emerging as a major source of global energy supply. It is regarded as one of the most promising sources for work energy with proven reserve running into billions of barrels of oil and with great potential for a possible reserve growth. Some of its other endowments such as natural gas, minerals and rich rain forests continue to attract significant interest from all parts of the globe.

 

However, it is her crude oil reserve that is the major drive force of global interest in the region. Today, apart from the persian gulf region, One in four barrels of oil produced worldwide comes from the gulf of guinea. so where is this gulf of guinea, one may with to ask? It comprises from west and central Africa along the Atlantic coast of what is known as the “Armpit of Africa”. The countries of the region are Angola, Benin, Cameroon, Central Africa Republic, (CAR) Cote d’ Ivoire, The Democratic Republic of Congo (DRC), Equatorial guinea, Gabon, The Gambia, Ghana, Guinea Bissau, Liberia, Nigeria, Sao Tome & Principe, Senegal, Sierra Leone and Togo.

 

 

2 responses on “The Gulf of Guinea Advantage in Global Energy Supply Equation

  1. admin says:

    It is hoped that the commission will reinforce and consolidate fraternal relations amongst people of the region and help maintain and create conditions for peace and security.

  2. admin says:

    The establishment of the Gulf of Guinea Commission is a most welcome development in fostering regional cohesion and stability.

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