About $400 billion of oil money, as the World Bank says, has been - TopicsExpress

About $400 billion of oil money, as the World Bank says, has been stolen since 1960. Elsewhere, national oil companies are spearheading development. Saudi ARAMCO, founded in 1933, is valued by the Financial Times of London at $10 trillion, making it the world’s most valuable company. Petronas, the NOC of Malaysia, founded in 1974, is rated by Fortune magazine as the world 12th most profitable company, with investments in China, Vietnam, Cambodia, Niger Republic, Egypt, Mauritania and Indonesia, among others. The Abu Dhabi National Oil Company of the United Arab Emirates (founded in 1971) and Kuwaiti Petroleum Corporation (1980) have substantial investments in Western countries and Asia. The Nigeria NNPC ..........a global notoriety as a tower of graft and ineptitude,unimaginable sleaze and impunity,crude oil swaps HQ.........Hummmm its greatest investment is FUEL SCARCITY

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