1.Empirical evidence suggests that Africa remains a viable destination to search for the black gold.2.Its sustainability with respect to influencing the dynamics in the oil market is probably not conjectural3.The four active members of OPEC have significant influence, perhaps not because of the level of reserves endowed but for OPEC stability4.The influence of African oil producers on the world scene would be tested as domestic oil politics emerges in Nigeria under the new administration.
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