Nigeria is the most populated nation on the African continent and contains a vast wealth of natural resources. It is the largest petroleum producer in Africa, and a key exporter of oil to both Western Europe and the US, and yet the political economy of Nigeria remains one of gross indebtedness, inefficiency and mismanagement. Here, the author brings together these issues in a far-ranging account of the Nigerian oil industry. She explores the fraught relationship between the government and foreign oil companies, the financial constraints on domestic investment, and the tragic lessons of an economy dependent on oil. This is a fascinating look at the problems of this developing country trying to exploit its natural resources, and will be of interest to scholars of development studies and international business.
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"A very thorough and well-done analysis of oil (and gas) in Nigeria....Ahmad Khan includes detailed--and well-documented--analyses of the Nigerian "Upstream" (producing areas, oilfields, reserves, etc.) and "Downstream" (pricing, supply-demand factors, distribution, and storage information) sectors, plus a good overview of the political and institutional environments, foreign investor relations, the international trade and pricing aspects of Nigerian crude oil, a chapter on natural gas, and an excellent wrap-up chapter on oil and the economy."--Choice
"Khan's work is...much to be welcomed...the value of this book lies in the comprehensive and detailed record it provides of the holders, location and production of the oil and gas concessions, the terms on which the concessions have been operated, and the marketing and pricing of the products...the book will be found extremely useful by anyone working on the Nigerian economy or on its history since the 1960s...the oil and gas sector, on which the Nigerian public revenues and foreign exchange receipts so critically depend, is in a parlous condition. This book provides essential background information for any attempt to analyse why."--Journal of African Economies
"Many of the papers reflect the use of the new institutional economies to explain the nature of the Japanese firm and the sources of its competitive strength. They also display a laudable attempt to show the dependency between institutions, something which is important, but difficult, to do...The papers are not only theoretical and empirical studies of the Japanese case, they also often contain a comparative aspect...the account of the Japanese firm under the wartime planned economy given by Tetsuji O
About the Author
Sarah Ahmad Khan, Research Fellow, Oxford Institute for Energy Studies.
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