Publication:
The Vulnerability of African Countries to Oil Price Shocks : Major Factors and Policy Options, The Case of Oil Importing Countries

dc.contributor.authorBacon, Robert
dc.contributor.authorMattar, Adib
dc.date.accessioned2014-04-22T20:57:46Z
dc.date.available2014-04-22T20:57:46Z
dc.date.issued2005-08
dc.description.abstractApart from a few oil exporters, Sub-Saharan Africa consists of a large number of low-income countries, many of which are highly dependent on oil imports as a source of primary energy. The purpose of this study is to provide information on a number of aspects of energy and oil use in these countries, with a view to highlighting the vulnerabilities of the different countries against sustained or even increasing oil prices, and explore some of the policy implications. The topics investigated are: 1) How vulnerable is each country at present to a sustained oil price rise measured in terms of the ratio of net oil imports to gross domestic product (GDP), and in terms of its ability to pay as indexed by the ratio of net external debt to GDP? 2) What are the energy and oil intensities of the economies and what are the recent trends (measured by the ratio of energy use to GDP)? Can countries expect that energy and oil intensity will rise or fall as the level of development improves? 3) What is the oil fuel dependence of the economy, and what is its recent history (measured as the share of the use of oil and oil products in total primary energy use)? What has been the pattern of use of other fuels? What distinguishes Africa from other regions is its almost complete reliance on imported oil (apart from the net oil exporters) and its very high oil fuel dependence for its primary energy consumption besides biomass. This report shows that net oil importing countries of Sub-Saharan Africa are highly vulnerable to oil shocks, have the highest ratio of external debt to GDP and the lowest per capita income.en
dc.identifierhttp://documents.worldbank.org/curated/en/2005/08/6329730/vulnerability-african-countries-oil-price-shocks-major-factors-policy-options-case-oil-importing-countries
dc.identifier.doi10.1596/18009
dc.identifier.urihttps://hdl.handle.net/10986/18009
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesEnergy Sector Management Assistance Program working paper series;ESM 308/05
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAMOUNT OF OIL
dc.subjectBARREL
dc.subjectBIOMASS
dc.subjectBIOMASS USE
dc.subjectCOAL
dc.subjectCRUDE OIL
dc.subjectCRUDE OIL PRICES
dc.subjectDEMAND FOR ENERGY
dc.subjectDEMAND FOR OIL
dc.subjectDOMESTIC OIL PRODUCTION
dc.subjectDOMESTIC USE
dc.subjectEFFICIENCY OF ENERGY
dc.subjectEFFICIENCY OF ENERGY USE
dc.subjectEND USERS
dc.subjectENERGY CONSUMPTION PER CAPITA
dc.subjectENERGY DEMAND
dc.subjectENERGY INTENSITY
dc.subjectENERGY INTENSIVE
dc.subjectENERGY MARKETS
dc.subjectENERGY PLANNERS
dc.subjectENERGY PRACTICES
dc.subjectENERGY SECURITY
dc.subjectENERGY USE
dc.subjectFUEL
dc.subjectFUEL SUBSTITUTION
dc.subjectFUELS
dc.subjectGAS
dc.subjectGAS PIPELINE
dc.subjectHIGHER OIL PRICES
dc.subjectHYDROCARBONS
dc.subjectINCOME
dc.subjectINTERNATIONAL ENERGY AGENCY
dc.subjectOIL
dc.subjectOIL DEMAND
dc.subjectOIL EXPORTERS
dc.subjectOIL EXPORTING
dc.subjectOIL EXPORTING COUNTRIES
dc.subjectOIL IMPORT
dc.subjectOIL IMPORT BILL
dc.subjectOIL IMPORTERS
dc.subjectOIL IMPORTING
dc.subjectOIL IMPORTING COUNTRIES
dc.subjectOIL IMPORTS
dc.subjectOIL PRICE
dc.subjectOIL PRICE CHANGES
dc.subjectOIL PRICES
dc.subjectOIL PRODUCERS
dc.subjectOIL PRODUCTION
dc.subjectOIL PRODUCTS
dc.subjectOIL SECTOR
dc.subjectOIL SHOCK
dc.subjectOIL SHOCKS
dc.subjectOIL USE
dc.subjectPER CAPITA INCOME
dc.subjectPETROLEUM
dc.subjectPETROLEUM PRODUCT
dc.subjectPETROLEUM PRODUCT PRICES
dc.subjectPETROLEUM PRODUCTS
dc.subjectPIPELINE
dc.subjectPOWER GENERATION
dc.subjectPRICE ELASTICITIES
dc.subjectPRICE OF OIL
dc.subjectPRIMARY ENERGY
dc.subjectPRIMARY ENERGY CONSUMPTION
dc.subjectPRIMARY ENERGY SOURCE
dc.subjectSUB-SAHARAN AFRICA
dc.subjectSUSTAINABLE ENERGY
dc.subjectTOTAL CONSUMPTION
dc.subjectTOTAL PRIMARY ENERGY CONSUMPTION
dc.subjectURBANIZATION
dc.titleThe Vulnerability of African Countries to Oil Price Shocks : Major Factors and Policy Options, The Case of Oil Importing Countriesen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.date.disclosure2005-10-06
okr.date.doiregistration2025-05-05T11:58:52.854618Z
okr.doctypePublications & Research::ESMAP Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2005/08/6329730/vulnerability-african-countries-oil-price-shocks-major-factors-policy-options-case-oil-importing-countries
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeEnergy and Extractives
okr.globalpracticeTrade and Competitiveness
okr.globalpracticeEnergy and Extractives
okr.guid320221468204861308
okr.identifier.externaldocumentum000160016_20051006163048
okr.identifier.internaldocumentum6329730
okr.identifier.reportESM308
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2005/10/06/000160016_20051006163048/Rendered/PDF/esm3080PAPER0v1ty0african0countries.pdfen
okr.region.administrativeAfrica
okr.topicEnergy::Energy Demand
okr.topicEnergy::Energy and Environment
okr.topicOil Refining and Gas Industry
okr.topicEnvironment::Environment and Energy Efficiency
okr.topicRural Development::Rural Land Policies for Poverty Reduction
okr.topicIndustry
okr.unitOffice of the Regional Vice Pres (AFRVP)
okr.volume1 of 1
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