Includes index

Focusing on local content in the oil and oil service sectors and the changing accumulation strategies of the domestic elite, this book questions what kinds of development are possible through natural resource extraction and argues that a new form of developmental state-the 'petro- developmental state'-may now be emerging in the Gulf of Guinea, allowing states to capitalize on a resource that has traditionally been thought of as a 'curse'. In a new moment for the extraction of oil created by a changed domestic context in Angola and Nigeria and changed geopolitical realities, new possibilities exist for state-led economic and social development and capitalist transformation.