The Africa Report: Oil and Gas: Big Winners and Sore Losers

Exporting countries and producers large and small are reeling from the impact of the oil price's vertiginous drop over the past six months. The Africa Report looks at who is benefiting from the turmoil and who will be hurt the most.

The extent of the big wins and painful losses experienced by governments, international oil companies (IOCs) and other stakeholders as oil prices have plunged is becoming clear across Africa.

Even though prices spiked upwards in late February from their sub-$50-per-barrel lows, few analysts expect a sustained increase during 2015, meaning importer governments, thermal-power producers and refiners will continue to benefit.

The IOCs have moved ruthlessly to make big spending cuts, but a number of national oil companies have yet to respond as quickly.

Morocco's recent fortunes highlight the roller-coaster ride.

Read the full article HERE.