nigeria - Arabica Robusta on Diigo

1Expand

BBC NEWS | Africa | 'Blood oil' dripping from Nigeria

Under cover of night dozens of barges queue up to dock at a jetty in a creek somewhere in Nigeria's oil-rich Niger Delta. Their holds are filled with stolen oil running from valves illegally installed into a pipeline.

Tags: energy, energy.news, oil, africa, nigeria on 2008-08-03 and saved by2 people -All Annotations (0) -About

more fromnews.bbc.co.uk

AFP: Peace plans falter for Nigeria oil region

Tags: news, nigeria, niger, delta, petroleum on 2008-07-29 -All Annotations (0) -About

more fromafp.google.com

allAfrica.com: Nigeria: Niger Delta And Waste of the Northern Establishment (Page 1 of 2)

Tags: news, nigeria, niger, delta, petroleum on 2008-07-29 -All Annotations (0) -About

more fromallafrica.com

The Punch: Oil and fiscal federalism

Tags: news, nigeria, niger, delta, petroleum on 2008-07-29 -All Annotations (0) -About

more fromwww.punchng.com

Sub-Saharan Gas Monetization Taking Root Outside Niger Delta, Zeus Conference to Discuss - MarketWatch

Tags: nigeria, news, economic, business, international, lng, zeus, development, corporation, gas, industry on 2008-07-29 -All Annotations (0) -About

more fromwww.marketwatch.com

allAfrica.com: Nigeria: Niger Delta - Summit, Dialogue Or Bombs? (Page 1 of 1)

Tags: niger, delta, news, nigeria, petroleum on 2008-07-29 -All Annotations (0) -About

more fromallafrica.com

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

Tags: michael, watts, nigeria, oil, industry, petroleum, petro-capitalism, complex, curse, resource on 2008-07-29 -All Annotations (0) -About

more fromwww.alternet.org

4Expand

Facilitating whose power? WB and IMF policy influence in Nigeria's energy sector (Bretton Woods Project)

Though the volume of donor financing to Nigeria is much less than to other sub-Saharan African countries, at a policy level the World Bank, the IMF and DFID are highly influential in the country's macro-economy.

Tags: international, development, world, bank, nigeria, africa, petroleum, industry, electricity, obasanjo, PSI, paris, club, privatization, nedp on 2008-07-15 -All Annotations (0) -About

in list: IMF policy approaches

more frombrettonwoodsproject.org

Nigeria was the first country to "benefit" from the IMF's policy support instrument (PSI) (a non-lending instrument which began in mid-2005, see Update 48), to which reform of the power sector is central. The PSI was central to the cancellation of Nigeria's foreign debt with the Paris Club in 2005, which needed IMF endorsement for the deal to go ahead. Former finance minister Ngozi Okonjo-Iweala, now managing director of the World Bank played a key role in the agreement.
key ingredients of the IMF's PSI were controversially passed during president Obasanjo's last few days in office, leading to a national strike in June 2007. These included the sale of the Kaduna and Port Harcourt oil refineries; the sale of the Egbin power station and other national assets; an increase in the cost of petroleum products; an increase in value added tax; and the non-implementation of the 15 per cent increase in civil service salaries.
The sale of the Eleme Petrochemicals plant, in Port Harcourt, was a structural reform of the PSI in October 2005. The plant is the largest of its kind on the continent. National newspapers report that it was sold for approximately $225 million to the Nigerian subsidiary of the Indonesian firm, Indorama Group. The National Union of Petroleum and Natural Gas Workers described this amount as "not worth the spare parts available at the plant".⁴
The World Bank funded the implementation of the bill for the implementation of the Nigerian Extractive Industries Transparency Initiative (NEITI). NEITI is central to the energy question in Nigeria, particularly in light of the failure to channel massive oil and gas revenues to for the benefit of national development. NEITI was developed together with the procurement bill and the freedom of information bill. However, in the event only NEITI was approved by both the Senate of the National Assembly and the House of Representatives, and with a significant amendment. This appeared without explanation, at the last minute and allows much greater leeway to oil companies over the issue of disclosure. To the provision on the power of NEITI to obtain information from companies' volume of sales of oil, gas and other minerals extracted was added the caveat that "provided that such information shall not be used in any manner prejudicial to the contractual obligation of proprietary interests of the extractive industry company". According to the Civil Society Legislative Advocacy Centre, these clauses have the potential "to defeat the entire essence of the transparency campaign in the extractive industry". Despite this blatant violation of both due process and disclosure, the IMF praised the NEITI bill as "good progress in efforts to improve governance and reduce corruption". The bill was passed by the Nigerian Senate in May 2007, days before the end of Obasanjo's tenure.

allAfrica.com: Nigeria: FG Dumps IMF's Policy Support Instrument (Page 1 of 1)

Tags: nigeria, finance, imf, news, PSI, allafrica.com on 2008-07-15 -All Annotations (0) -About

more fromallafrica.com

Petrobras to pump Nigerian oil field

Brazilian state oil company Petrobras will start pumping oil from a Nigerian field on July 21, company officials said on Saturday.

Tags: petrobras, nigeria, nigerian, oil, field, petrobas, pump, in, nigera, petroleum, industry, brazil on 2008-07-12 and saved by2 people -All Annotations (0) -About

more fromwww.oilfielddailynews.com

Al Jazeera English - Africa - Nigerian armed group ends truce

Tags: mend, news, nigeria, petroleum, industry, uk, intervention on 2008-07-10 -All Annotations (0) -About

more fromenglish.aljazeera.net

allAfrica.com: Nigeria: Bayelsa Gets Another LNG Project (Page 1 of 1)

Tags: nigeria, lng, news, industry, liquified, natural, gas, bayelsa on 2008-07-08 -All Annotations (0) -About

more fromallafrica.com

9Expand

Pambazuka News

In even the most exploitative African sites of repression and capital accumulation, sometimes corporations take a hit, and victims sometimes unite on continental lines instead of being divided-and-conquered.

Tags: africa, multinational, corporations, niger, delta, mosop, shell, petroleum, industry, nigeria, hegemony, petro-capitalism, mend, pambazuka, codesria, european, union, EPAs on 2008-06-29 -All Annotations (0) -About

more fromwww.pambazuka.org

In even the most exploitative African sites of repression and capital accumulation, sometimes corporations take a hit, and victims sometimes unite on continental lines instead of being divided-and-conquered.
In early June, the British-Dutch firm Shell Oil – one of Rodney’s targets - was instructed to depart from the Ogoniland region within the Niger Delta, where in 1995 Shell officials were responsible for the execution of Ken Saro-Wiwa by Nigerian dictator Sani Abacha. After decades of abuse, women protesters, local NGOs and the Movement for the Survival of the Ogoni People (MOSOP) gave Shell the shove. France’s Total appears next in line, in part because of additional pressure from the Movement for the Emancipation of the Niger Delta.
Although it was six months ago that the European Union’s ultramanipulative trade negotiator, Peter Mandelson, cajoled 18 weak African leaderships -- including crisis-ridden Cote d’Ivoire, neoliberal Ghana and numerous frightened agro-exporting countries -- into the trap of signing interim “Economic Partnership Agreements” (EPAs), a backlash is now growing.
“We can’t continue to deal with incompetent, weak, corrupt, supine governments,” explained Dot Keet of the Alternative Information and Development Centre in Cape Town. “But these are not factors of the same order of magnitude. The domination of African countries by neocolonialism and the subordinate stance by African governments are not the same. We must be clear where the main driving force comes from: outside Africa. We have to tackle the source.”
Since 2002, the EPAs have supplanted the agenda of the gridlocked World Trade Organisation, just as bilateral trade deals with the US, China and Brazil are also now commonplace.

A united Europe deals with individual African countries in an especially pernicious way, because aside from free trade in goods, Mandelson last October hinted at other invasive EPA conditions that will decimate national sovereignty: “Our objective remains to conclude comprehensive, full economic partnership agreements. These agreements have a WTO-compatible goods agreement at their core, but also cover other issues.”

Those other “Singapore” issues (named after the site of a 1996 WTO summit) include investment protection (so future policies don’t hamper corporate profits), competition policy (to break local large firms up) and government procurement (to end programmes like South Africa’s affirmative action).
As Walter Rodney observed, “It is typical of underdeveloped economies that they do not -- or are not allowed to -- concentrate on those sectors of the economy which in turn will generate growth and raise production to a new level altogether, and there are very few ties between one sector and another so that, say, agriculture and industry could react beneficially on each other.”
African countries face unreliable provision of public utilities (electricity and water); poor public infrastructure (run down roads and railways); rapidly fluctuating exchange rates and high inflation; labour productivity problems arising from poor education, health and housing provision; vulnerable market institutions (such as immature financial systems); and poorly-functioning legal frameworks. The EU has no interest in reversing such fundamental structural economic challenges.
From early on, African civil society movements – especially the African Trade Network - called on elites to halt the negotiations.

But it has not been easy to develop a strong coalition, as Third World Network director Yao Graham concedes: “Unions have been too syndicalist, while our justice movements have been exhausted fighting structural adjustment. The local private sector has been absent. But in some regions, like West Africa, agricultural producers have been well organised and opposed to EPAs. Links to the Caribbean are weak. But we are working behind enemy lines with progressive allies in Europe, including within the Brussels parliament.”
because Mandelson is squeezing so hard, he may be single-handedly breaking the links between elites. Led by Senegalese and Malian politicians, most of the African officials at the conference agreed with the left intelligentsia that dangers now arise of: - regional disintegration (due to EU bilateral negotiations and subregional blocs) and internecine race-to-the-bottom competition:

Nigeria: Oil delta militants scoff at plan for peace summit

Tags: nigeria, news, insurgency, mend, petroleum, industry on 2008-06-29 -All Annotations (0) -About

more fromwww.themercury.co.za

The Oil Drum | Nigeria – The Significance of the Bonga Offshore Oil Platform Attack

This assumption--that far offshore facilities are beyond the reach of militants--must now be reconsidered. The week's most successful attack, shutting in 225,000 barrels per day, came against Shell's Bonga facility. At 120 km offshore, the Bonga attack demonstrated a new militant capability in the offshore environment. As Nigeria is one of the few states with the geological potential to significantly increase oil production and exports, the Bonga attack may prove to be an extremely important development.

Tags: nigeria, offshore, petroleum, mend, bonga, news, insurgency on 2008-06-28 -All Annotations (0) -About

more fromwww.theoildrum.com

Harvard Political Review - Oil and Development in Africa

The Chad-Cameroon pipeline, a World Bank-sponsored project aimed at bringing Chadian oil to Cameroon ’s Atlantic ports, represents successful cooperation between governments, oil companies, NGOs, and international monetary bodies. If oil-rich African states continue to forge such partnerships, the chances of cashing in on the development potential of mineral wealth will be greatly increased.

Tags: petroleum, oil, industry, africa, international, development, chad, cameroon, nigeria, angola, botswana on 2008-06-28 -All Annotations (0) -About

more fromhprsite.squarespace.com

1Expand

Global Politician - In Nigeria, Oil Wealth Delivers Grief

Tags: nigeria, chad, petroleum, industry, africa, international, economic, development on 2008-06-28 -All Annotations (0) -About

more fromglobalpolitician.com

Political Risk Analysis - Nigeria

Tags: political, risk, nigeria, petroleum, industry on 2008-06-08 and saved by2 people -All Annotations (0) -About

more fromwww.politicalriskanalysis.com

allAfrica.com: Nigeria: Niger Delta Crisis Will Soon End, Bankole Assures U.S. (Page 1 of 1)

efforts should also be made to monitor the huge fund already accruing to state governments in the region as this would have gone a long way in addressing some of the developmental issues fuelling the crisis if well utilized and accounted for, adding that the challenge is the lack of capacity of state legislatures to ask relevant questions on the funds they appropriate for the executives.

Tags: niger, delta, news, nigeria, petroleum, industry on 2008-06-07 -All Annotations (0) -About

more fromallafrica.com

“I Was Shot by Soldiers Bought and Paid for by Chevron” @ Royal Dutch Shell plc .com

Chevron must admit it has used and paid Nigerian police and military to act as company thugs to harm and scare the local population. Chevron must give up violence as a way of doing business.

Tags: chevron, lawsuit, niger, delta, nigeria, petroleum, industry, multinational, corporation, violence on 2008-06-07 -All Annotations (0) -About

more fromroyaldutchshellplc.com

Arabica Robusta's Bookmarks tagged nigeria → View Popular

BBC NEWS | Africa | 'Blood oil' dripping from Nigeria

AFP: Peace plans falter for Nigeria oil region

allAfrica.com: Nigeria: Niger Delta And Waste of the Northern Establishment (Page 1 of 2)

The Punch: Oil and fiscal federalism

Sub-Saharan Gas Monetization Taking Root Outside Niger Delta, Zeus Conference to Discuss - MarketWatch

allAfrica.com: Nigeria: Niger Delta - Summit, Dialogue Or Bombs? (Page 1 of 1)

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

Facilitating whose power? WB and IMF policy influence in Nigeria's energy sector (Bretton Woods Project)

allAfrica.com: Nigeria: FG Dumps IMF's Policy Support Instrument (Page 1 of 1)

Petrobras to pump Nigerian oil field

Al Jazeera English - Africa - Nigerian armed group ends truce

allAfrica.com: Nigeria: Bayelsa Gets Another LNG Project (Page 1 of 1)

Pambazuka News

Nigeria: Oil delta militants scoff at plan for peace summit

The Oil Drum | Nigeria – The Significance of the Bonga Offshore Oil Platform Attack

Harvard Political Review - Oil and Development in Africa

Global Politician - In Nigeria, Oil Wealth Delivers Grief

Political Risk Analysis - Nigeria

allAfrica.com: Nigeria: Niger Delta Crisis Will Soon End, Bankole Assures U.S. (Page 1 of 1)

“I Was Shot by Soldiers Bought and Paid for by Chevron” @ Royal Dutch Shell plc .com

Arabica Robusta's Related Tags

See More Top Contributors

Related Groups on Diigo

Visas International - China

Diigo - Highlight and Share the Web!