Industrial oil refinery in Africa with workers in safety gear.
The Iran-linked disruption around the Strait of Hormuz is reshaping global energy flows—and Africa is emerging as a critical beneficiary. After QatarEnergy declared force majeure on five LNG shipments to Italy, Rome began urgently exploring alternatives, including pipeline gas from Libya and Algeria and LNG from Mozambique. Meanwhile, Brent crude trading above $80 a barrel is delivering a fiscal windfall to Nigeria, Angola, and Ghana, all significant oil exporters standing to strengthen their current accounts if elevated prices persist. Long term, Africa’s oil and gas sector is projected to attract tens of billions in investment this year. The Middle East’s instability is accelerating a strategic pivot that positions African energy producers as indispensable players in global supply chains.
Business Insider Africa