Africa's Oil: A Blessing or a Curse?

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Newest Members of the Oil Club

Liberia and Sierra Leone are the latest nations to join the oil-exporting club of African nations. But as both countries have only recently recovered from long civil wars, their governments will be tasked with the especially difficult duty of managing expectations about oil wealth distribution amid cooling tensions.


"It will take time to fully appraise this discovery. And years — between five to seven years — before a drop of oil is produced from the well,” Liberia National Oil company head Randolph McClain said on local radio, according to Reuters, urging patience with the process.  

(Photo: Courtesy National Oil Company of Liberia)

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