THE OIL FACTOR IN SOMALIA; FOUR AMERICAN PETROLEUM GIANTS HAD AGREEMENTS WITH THE AFRICAN NATION BEFORE ITS CIVIL WAR BEGAN. THEY COULD REAP BIG REWARDS IF PEACE IS RESTORED.
Far beneath the surface of the tragic drama of Somalia, four major U.S. oil companies are quietly sitting on a prospective fortune in exclusive concessions to explore and exploit tens of millions of acres of the Somali countryside.
That land, in the opinion of geologists and industry sources, could yield significant amounts of oil and natural gas if the U.S.-led military mission can restore peace to the impoverished East African nation.
According to documents obtained by The Times, nearly two-thirds of Somalia was allocated to the American oil giants Conoco, Amoco, Chevron and Phillips in the final years before Somalia's pro-U.S. President Mohamed Siad Barre was overthrown and the nation plunged into chaos in January, 1991. Industry sources said the companies holding the rights to the most promising concessions are hoping that the Bush Administration's decision to send U.S. troops to safeguard aid shipments to Somalia will also help protect their multimillion-dollar investments there.
http://www.raceandhistory.com/cgi-bin/forum/webbbs_config.pl/noframes/read/15U.S. signals support for Ethiopia in Somalia
27 Dec 2006 18:35:55 GMT
Source: Reuters
By Caren Bohan
WASHINGTON, Dec 27 (Reuters) - The United States on Wednesday signaled support for Ethiopia's military offensive in Somalia, saying Addis Ababa had reasons for concern about the country's internal warfare.
The White House urged restraint by Ethiopia but also said the intervention should not be used as an excuse by Somalia's warring factions to avoid peace negotiations.
"Ethiopia has genuine security concerns with regard to developments within Somalia," said Gordon Johndroe, spokesman for the White House National Security Council.
Johndroe added that Ethiopian forces were there "at the request" of Somalia's interim government, which wants to break the stronghold of the Islamic Courts Council on southern Somalia and Mogadishu.
http://www.alertnet.org/thenews/newsdesk/N27278786.htm