Contextual Information

Overview of the Performance of the Oil and Gas Sector

The performance of the extractive sector worsened over the years 2014 and 2015, the period covered by this EITI Report. A precipitous collapse of oil prices and consequent weakening of the markets for all export commodities adversely impacted on the value derived from the sector.  The factors driving the price collapse are more structural than cyclical and therefore the fall out may be permanent. See more…