Saturday, January 6, 2007

Somalia: It's Not Just For Killing Anymore

By Chris Thompson
Sat, Jan 6, 2007 at 3:26 PM

If Somalia emerges from almost two decades of anarchy, who will benefit the most? Yes, yes, the ordinary civilians suffering under warlords and Islamist fanatics, but who else? None other than the East Bay's monster oil company, Chevron. According to a Los Angeles Times story dating back to the American military intervention in 1993, "four major US oil companies are quietly sitting on a prospective fortune in exclusive concessions to explore and exploit tens of millions of acres of the Somali contryside." Times reporter Mark Fineman added, "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 Mohamaed Siad Barre was overthrown." If the country becomes a country again, expect the local oil giant, which still lists Somalia among its global portfolio, to claim the right to develop those concessions once the shooting stops.


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