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Congo

Congo

  • The development implications of the fracking revolution

    Type: 
    Publication
    Publication date:
    Objective:

    A larger number of countries are exposed to a potential trade shock emerging from a change in US oil imports including Angola, Congo, and Nigeria. An increase in fracking in China with the same size in the trade shock would double the effect. The total estimated effects from a reduction in US oil imports from African countries amount to US$32 billion. The net impacts on exporters will depend on their ability to find other markets, and the conditions under which they do so.