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Papers/Reports | June 2, 2003

Bottom of the Barrel

Africa's Oil Boom and the Poor

The new African oil boom—centered on the oil-rich Atlantic waters of the Gulf of Guinea, from Nigeria to Angola—is a moment of great opportunity and great peril for countries beset by wide-scale poverty.

CONTENTS

  • Executive Summary

  • Summary Recommendations

  • Africa's Oil Boom

  • The Paradox of the Plenty: The Record, The Challenge

  • Africa's Petro-States: Country Experiences and Regional Trends in the Gulf of Guinea

  • Addressing Africa's Paradox of Plenty

  • The Chad-Cameroon Oil Experiment: Rhetoric and Reality

  • Conclusion: Beyond the Paradox of Plenty?

  • Recommendations

  • Selected Bibliography