#Africa OPEC cuts good for African producers, say analysts

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Thick black smoke billows from a pencil-thin chimney at the Port Harcourt Refining Company Limited, Rivers State, on September 16, 2015. The Port Harcourt refinery is Nigeria's oldest, built in 1965, nine years after crude was first found under the marshy soil and creeks of the delta, where the Niger river meanders to the Gulf of Guinea. Refineries in nearby Warri and Kaduna in the north central region were built in the years that followed, while a new plant was added to the same site in Port Harcourt in 1989. In recent years, however, it became a byword for corruption, a murky, state-run body where billions of dollars in revenue apparently disappeared. AFP PHOTO/PIUS UTOMI EKPEI / AFP PHOTO / PIUS UTOMI EKPEI

Oil analysts have welcomed OPEC’s decision to limit global oil supply as a step towards boosting Africa’s precarious finances.…

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