A Belated Boom: Uganda, Kenya, South Sudan, and prospects and risks for oil in East Africa

East Africa has followed a long road of highs and lows in developing its oil resources. On the back of high global oil prices between 2004 and 2014, a rush of new exploration put the region on the map as a new frontier for African oil. But it did not take long for the momentum of East Africa’s oil rush to lose steam. Long regulatory delays, security risks, and the fall of global oil prices, all served to deflate expectations for the region’s potential. …. [Persbericht]