Guyana: Oil barrels worry West Africa

The barrels of oil produced by ExxonMobil in Guyana are making waves far beyond the beaches of this small South American country. In West Africa, the echo of the billions of dollars invested by the oil giant is attracting the attention of several capitals, notably Abuja and Accra, where leaders are beginning to question the potential rivalries for dominance of energy resources in the region. So what does this really mean for African countries and their quest for energy independence?

French Guiana: an oil Eldorado that makes people envious

ExxonMobil has not done things by halves in Guyana. With oil reserves estimated at several billion barrels, the country has become the new darling of investors. Oil revenues could transform Guyana's economy, but when the flood of dollars starts to flow, what really happens to neighboring countries? The answer, analysts say, could be a double-edged sword.

The dance of interests: Abuja and Accra on the starting blocks

In Abuja, the temptation is strong: Nigeria, Africa's oil giant, dreams of capturing some of this investment, while trying not to lose its status as the continent's largest oil producer. Meanwhile, in Accra, Ghana is watching the situation with growing impatience. The Ghanaians also want to take advantage of the favorable wind blowing in the oil and gas sector, but will have to navigate an already complex landscape of rivalries.

The risk of a new race for black gold

This situation raises a crucial question: will West African countries be able to work together to make the most of their resources, or will we witness a new race for resources, exacerbating already existing tensions? Past experiences, including the tumultuous history of resources in Africa, remind us that the road to oil is paved with challenges. To avoid falling into the same trap, it is essential that these nations share their strategies and review their governance models.

In short, Guyana’s barrels of oil, although geographically distant, could well set off a chain reaction throughout West Africa. Political leaders, investors and citizens must remain vigilant, because black gold can also have a bitter taste. Let us hope for their sake that the millions of barrels do not ultimately turn into a burden.