DAKAR, Senegal – Angola is joining the Organization of Petroleum Exporting Countries, African oil exploration is booming and China is investing. The stampede for African oil has continued, even as militant attacks in some countries and precarious governments in others make returns uncertain.

Though much of the continent is just as conflict-ridden as the Middle East, analysts say Africa is increasingly attractive because it's one of a diminishing number of regions still welcoming foreign corporations.

“It's one of the few places still where in virtually every country the international oil companies can invest,” said Julian Lee, senior energy analyst at London's Center for Global Energy Studies. “I can't think of anywhere in Africa that has not let in international companies.”



SignOnSanDiego.com > News > World -- African oil's allure increases as other regions tighten reins on foreign companies


The oil rush is on and will only lead to the messy conflicts that are being fought in the ME.

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Sounds like an area our companies should avoid so we don't develop "national interests".

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