Mitigating risks in the current industry crisis: the actions oil sector companies need to take
The compounding effects of the corona virus and oil industry disruptions pose unique and significant challenges, particularly on the African continent where the economies of producing countries are largely dependent on oil revenues. As more countries remain locked down and businesses remain shut because of the pandemic, the demand for oil will remain low, leaving prices equally low. Associate Attorney, Oneyka Ojogbo have identifies some crucial issues relating to contracts and local operations.