The Black gold of the Sahara
Brief history of the Algerian and Libyan oil industry up to 1973
DOI:
https://doi.org/10.59569/jceeas.2024.4.1.257Keywords:
Algeria, Lybia, Sahara, crude oil, natural gas, OPEC, Seven SistersAbstract
Until the middle of the 20th century, Africa did not feature prominently as a mining area for crude oil, i.e. black gold. It is true that oil was found in Egypt and French Morocco already in the first half of the century, but this was not significant in world terms. Although there were traces of oil in the area already in ancient times. Two millennia later, in the 1930s, in Algeria and Libya, geologists also found clues indicating that there could be significant oil reserves deep underground. These assumptions were realized only from 1949 onwards. After that, however, the North African states that became independent from the colonial rule had to deal with many difficulties. Among them are the aspirations of the large international oil cartels and the accompanying political projections.
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