Liquid gold keeps money pouring in.

Oil and gas revenues continue to stimulate investment up and down Africas western coast with Nigeria and Angola being the main beneficiaries.  

Nigeria currently has 33.7bn barrels of recoverable oil with a 40bn target by 2010 and the region is on course to become the biggest supplier of liquefied natural gas in the Atlantic Basin.

Further down the coast, Angola continues to be a major player with companies such as Chevron investing vast sums in multi-stream cracking plants and massive investments in offshore LNG plants. Given these statistics there has and will continue to be big growth in local oil companies and support services, including ports. However, given all the problems of unrest in the Delta region with kidnappings and oil pipeline sabotage,the future focus will likely be on safer offshore supply.