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Arabica Robusta

Pan-African News Wire: Western Oil Exploration Could Further Destabilize Somalia - 0 views

  • In the U.N. Monitoring Group’s latest annual report to the Security Council’s sanctions committee on Somalia and Eritrea, the experts said the Somali constitution gives considerable autonomy to regional governments to enter commercial oil deals.But a petroleum law that has not yet been adopted by the country’s parliament but is being invoked by federal officials in the capital Mogadishu says that the central government can distribute natural resources.“These inconsistencies, unless resolved, may lead to increased political conflict between federal and regional governments that risk exacerbating clan divisions and therefore threaten peace and security,” the experts group said in an annex to its annual report, which was seen by Reuters.
  • “It is alarming that regional security forces and armed groups may clash to protect and further Western-based oil companies interests,” it said.
  • The U.N. experts also expressed concern about a clash between a longstanding bid by Norway to urge Somalia to implement an exclusive economic zone (EEZ) off its coast with commercial interests by a Norwegian oil company.
Arabica Robusta

Africa: The Next Victim in Our Quest for Cheap Oil | ForeignPolicy | AlterNet - 0 views

  • What have you learned from your experience on the book?MW: I have learned several things. The first is that oil is not always a curse, meaning that oil dependency does not always produce poverty or conflict or corruption. It did not in Norway or the U.K. But vast oil wealth captured by oil-producing governments always places the question of how that wealth is to be allocated and spent at the center. If oil is inserted into a corrupt federal system, then the combination of non-transparent Big Oil and authoritarian Big Government produces a perfect storm of violence, corruption, ecological destruction and poverty. And this storm will have a huge blowback.
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