Platts: African Energy Outlook

The slump in global oil prices is expected to hit Africa's economies far more than the Ebola epidemic and will likely have more far reaching implications for countries facing elections and states heading for first oil.

With the price of Brent crude at five an a half year lows, Africa's top oil producers, Nigeria, Angola, Libya and Algeria face growing fiscal challenges because more than 70% of these countries' revenue stems from oil production.

Deutsche Bank and the International Monetary Fund say Libya would need $184/barrel to balance its budget, Nigeria would need $123/b to balance its spending plans.
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