| Topic: |
Sociology > Education |
| User: |
"Tuttles Almanac" |
| Date: |
16 Jan 2006 08:32:56 PM |
| Object: |
U.S. Stealing Oil from Africa |
Shell's Nigeria output cut by 20%
http://news.bbc.co.uk/2/hi/business/4608702.stm
Shell has cut its Nigeria oil output by 10% after a pipeline
explosion and the kidnapping of four foreign oil workers.
It is losing 106,000 barrels a day after closing the pipeline
to an export terminal. Earlier, a platform closure had cut
another 120,000 barrels.
Diplomats say the hostages seized from Shell's EA platform
came from the UK, the US, Honduras and Bulgaria.
Kidnappings and pipeline explosions are common in the Niger
Delta region, where local groups complain they do not see
the benefits of the area's oil wealth.
According to reports, Shell is in dispute with villages near
the field where the oil workers were kidnapped.
They accuse the oil company of reneging on promises to
undertake development projects.
Nigeria remains plagued by poverty despite being the world's
eighth largest oil producer and the largest in Africa.
___________________________________________________
World Bank shuts Chad oil account
http://news.bbc.co.uk/2/hi/business/4608900.stm
The bank account used to collect revenues from Chad's oil pipeline
has been frozen by order of the World Bank.
The closure of the London-based Citibank account is the latest sanction
taken by the World Bank, which says Chad has broken a loan agreement.
It is angry at a new law giving Chad's government more access to profits
from the pipeline, which takes oil to Cameroon for export.
In a statement posted on the Chad government website finance minister
Abbas Mahamat Tolli said the World Bank move was "totally unjustified".
"It is unacceptable that a nation should have its access blocked to revenues
generated by the sale of its own natural resources.
"Chad's government ... will take appropriate action to recover the legitmate
rights of the Chadian people," he added, without spelling out what actions his
country intended to take.
Oil company Exxon Mobil, which operates the pipeline, said it was assessing
the situation.
He denounced last week's move by the bank as foreign pressure
and an attack on Chad's sovereignty, saying his government
needed some of the oil money now to finance improvements in
health and education.
"The oil revenue needs to be used for the welfare of our youth instead of
being put aside for future generations as the World Bank wants us to do,"
Chad's Foreign Minister Ahmat Allami told the BBC's French service.
Bank president Paul Wolfowitz accused Chad's government of acting
"unilaterally" after the law which Mr Deby approved was passed by
parliament two weeks ago.
__________________________________________________________
Bush's Former Defense Secretary Paul Wolfowitz ("the Iraq War was about Oil")
is now president of the World Bank.
Happy Dr. Martin Luther King Jr. Day
.
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| User: "Kecia Pratt" |
|
| Title: Re: U.S. Stealing Oil from Africa |
18 Jan 2006 09:08:02 PM |
|
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I wouldn't be suprised because they are a bunch of liars in this Government.
Sometimes it hurts to be a part of the USA. Eventhough we the people have
nothing to do with what our Government does.
"Tuttle's Almanac" <Harry.Tuttle@brazil.plumbing.gov> wrote in message
news:11solqo4jabj803@corp.supernews.com...
Shell's Nigeria output cut by 20%
http://news.bbc.co.uk/2/hi/business/4608702.stm
Shell has cut its Nigeria oil output by 10% after a pipeline
explosion and the kidnapping of four foreign oil workers.
It is losing 106,000 barrels a day after closing the pipeline
to an export terminal. Earlier, a platform closure had cut
another 120,000 barrels.
Diplomats say the hostages seized from Shell's EA platform
came from the UK, the US, Honduras and Bulgaria.
Kidnappings and pipeline explosions are common in the Niger
Delta region, where local groups complain they do not see
the benefits of the area's oil wealth.
According to reports, Shell is in dispute with villages near
the field where the oil workers were kidnapped.
They accuse the oil company of reneging on promises to
undertake development projects.
Nigeria remains plagued by poverty despite being the world's
eighth largest oil producer and the largest in Africa.
___________________________________________________
World Bank shuts Chad oil account
http://news.bbc.co.uk/2/hi/business/4608900.stm
The bank account used to collect revenues from Chad's oil pipeline
has been frozen by order of the World Bank.
The closure of the London-based Citibank account is the latest sanction
taken by the World Bank, which says Chad has broken a loan agreement.
It is angry at a new law giving Chad's government more access to profits
from the pipeline, which takes oil to Cameroon for export.
In a statement posted on the Chad government website finance minister
Abbas Mahamat Tolli said the World Bank move was "totally unjustified".
"It is unacceptable that a nation should have its access blocked to
revenues
generated by the sale of its own natural resources.
"Chad's government ... will take appropriate action to recover the
legitmate
rights of the Chadian people," he added, without spelling out what actions
his
country intended to take.
Oil company Exxon Mobil, which operates the pipeline, said it was
assessing
the situation.
He denounced last week's move by the bank as foreign pressure
and an attack on Chad's sovereignty, saying his government
needed some of the oil money now to finance improvements in
health and education.
"The oil revenue needs to be used for the welfare of our youth instead of
being put aside for future generations as the World Bank wants us to do,"
Chad's Foreign Minister Ahmat Allami told the BBC's French service.
Bank president Paul Wolfowitz accused Chad's government of acting
"unilaterally" after the law which Mr Deby approved was passed by
parliament two weeks ago.
__________________________________________________________
Bush's Former Defense Secretary Paul Wolfowitz ("the Iraq War was about
Oil")
is now president of the World Bank.
Happy Dr. Martin Luther King Jr. Day
.
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