Posts Tagged ‘oil wealth’

Cameroon militia threaten to kill oil workers

November 1st, 2008

By EMMANUEL TUMANJONG
YAOUNDE, Cameroon (AP) — A Cameroon militia group took 10 mostly foreign oil workers hostage Friday off this West African nation’s coast, and threatened to kill the captives if demands for autonomy talks with the government are not met.
Militia commander Ebi Dari told The Associated Press by telephone from an undisclosed location that [...]

Palin On Energy

October 29th, 2008

Watching Gov. Sarah Palin’s policy speech on energy right now. It looks as if she’s tacking on her stump speech praise of McCain. She’s reading off the prompter at times and winging it at others. Still not sure what this speech is, what the goal is, who the audience is…. and why this is [...]

Iran exports, oil earnings hurt by world crisis

October 26th, 2008

TEHRAN, Oct 26 (Reuters) - Iran is being hurt by the financial crisis because of falling oil prices and a world downturn that will damage non-oil exports, an official said on Sunday, even though Iran’s economy was relatively isolated.
Iranian officials are voicing more concern about the impact of the international financial turmoil after initially brushing [...]

Sudan hunts for kidnapped Chinese oil workers

October 21st, 2008

By Alaa Shahine
KHARTOUM (Reuters) - Sudanese security forces were struggling through rain and harsh terrain to try to rescue nine Chinese oil workers kidnapped in central Sudan two days ago, the government said on Monday.
Foreign Ministry spokesman Ali al-Sadig said there were no indications the captors had harmed the men whom they snatched on Saturday [...]

Niger Delta Philanthropist Seeks Better Deal for Oil Communities

October 11th, 2008

By Gilbert da Costa
Nigerian rebels who have waged an increasingly bold campaign in the oil-rich Niger Delta say they feel cheated out of the oil wealth being pumped out of their land. Residents are equally disappointed by the near-absence of schools in the Delta. A philanthropist in the region says education holds the key [...]

Chavez’s Cheap Oil Gives Him Sway Over U.S. Allies, Aid Funds

October 6th, 2008

By Matthew Walter
Oct. 6 (Bloomberg) — President Hugo Chavez has figured out how to use Venezuela’s vast oil reserves to increase his regional influence while diminishing U.S. clout: He all but gives it away.
The self-proclaimed socialist revolutionary is allowing impoverished U.S. allies such as Honduras and the Dominican Republic to buy discounted oil with [...]