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07 Oct 09

Exxon Said to Pay $4 Billion for Stake in African Field - NYTimes.com

"While major companies like Exxon have focused on developing large oil and gas projects, much of the riskier and more prospective exploration has been undertaken by smaller, independent producers like Anadarko Petroleum, Tullow Oil and Kosmos. "

www.nytimes.com/...07exxon.html - Preview

petroleum oil industry exxon news ghana africa

The demise of the dollar - Business News, Business - The Independent

The plans, confirmed to The Independent by both Gulf Arab and Chinese banking sources in Hong Kong, may help to explain the sudden rise in gold prices, but it also augurs an extraordinary transition from dollar markets within nine years.

www.independent.co.uk/...ise-of-the-dollar-1798175.html - Preview

petroleum industry china oil dollar currency

  • The plans, confirmed to The Independent by both Gulf Arab and Chinese banking
    sources in Hong Kong, may help to explain the sudden rise in gold prices,
    but it also augurs an extraordinary transition from dollar markets within
    nine years.
05 Oct 09

International Crisis Group - B65 Tchad: sortir du piège pétrolier

  • oil has become a means for the regime to strengthen its armed forces, reward its cronies and co-opt members of the political class. This has further limited political space for the opposition and helped keep the country in a state of political paralysis that has stoked the antagonism between the regime and its opponents. As a result, there is recurrent political instability that is likely to ruin all efforts to use oil for the benefit of the country and its enduring stability. For the people who have not seen their lives improve and who are subjected to increased corruption, oil is far from a blessing. Given the current situation, the following measures should be taken to extricate Chad and its external partners from the petroleum trap:
    • This report attempts simply to assign the "oil curse" appellation to Chad, as well as to promote the same institutional changes that were supposed to be in the original projects. Instead, one should ask: Why is oil flowing well while the country continues to implode? Why is this situation very similar to the history of the Niger Delta? - on 2009-10-05
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