Oil, gas outlook positive amid tough conditions, says PwC review

The outlook for Africa’s oil and gas industry is positive, despite tough economic conditions and far fewer discoveries over the past year, PwC’s yearly 'Africa Oil & Gas Review' shows. The review indicates how the industry has responded in the wake of the recovery of the oil price to close to pre-collapse levels. The price had plummeted to $28/bl in 2013 before making its way up to its current level above $80/bl.