AFRICOM And Oil In The Horn Of Africa

What should be a boon for the African people is almost guaranteed to be a curse, witness Libya.  It seems safe, IMHO, to predict environmental rape, political destabilization and war by outside forces.

Kenya announced its first oil discovery on Monday, saying it was found in the northern part of the country where Africa-focused British firm Tullow Oil Plc has been exploring for oil, and was now checking on the commercial viability of the find.

President Mwai Kibaki said in a statement read on live television that Tullow had encountered in excess of 20 metres of net oil pay, and would drill more wells in the area to ascertain the commercial viability of the find.

“This is the first time Kenya has made such a discovery and it is very good news,” Kibaki said. “It is, however, the beginning of a long journey to make our country an oil producer, which typically takes in excess of three years.” Shares in Tullow jumped 2.5% in London immediately after the announcement of its oil find in Kenya.

Kenya and its neighbours in east Africa as well as the Horn of the continent have become a hot spot for oil and gas exploration in recent years, spurred by new finds.

South Sudan, which split from Sudan in July under a 2005 peace deal that ended decades of civil war, is an oil producer, while commercial oil deposits were found in Uganda, and there are vast natural gas deposits in Tanzania and Mozambique.

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