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Research Paper (postgraduate) from the year 2016 in the subject Business economics - Trade and Distribution, grade: 4.5, University of Ghana, Legon (Economics Department), course: Economics, language: English, abstract: The literature review section places emphasise on the relevant factors as against the expectations of the citizens concerning this sector. Like many other oil producing countries on the African continent, much of the stakes or profits from this lucrative venture go to the foreign multinationals. This discovery was first by Kosmos Energy at the Jubilee Fields. There was also the Mahogany exploration, meaning the country has huge potential of producing billions of barrels in some years to come which will compete with other nations on the world market.