Africa's Oil: A Blessing or a Curse?

of 121Photo
  • 040512 global africa oil 2
  • 040512 global africa oil 3
  • 122211 global nigeria oil spill
  • 040512 global africa oil 1
  • 041112 global african oil plant
  • 040512 global africa oil disrepair
  • 040512 global africa oil angola
  • 040512 global africa oil donald kaberuka
  • 040512 global africa oil virunga national park gorillas
  • 040512 global africa oil barack obama signing
  • 012312 global sudan oil production halted
  • 041112 global african oil liberia randolph mcclaim president

Oil, Oil Everywhere

In today’s global economy, oil is king. But despite the windfall of revenue generated from exporting oil, many African nations with oil reserves have struggled to manage both the influx of money and the powerful multinational corporations that are making the deals possible.

With the recent announcement of new discoveries of oil in several African countries previously unaccustomed to the trade, BET.com takes a look at the benefits and the shortfalls that come when dealing in oil. — Naeesa Aziz    

(Photo: REUTERS/Tullow Oil plc/Handout)

More Photo Galleries

Related Topics