Enough Is Enough! No More Looting of Somalia’s Oil! There has been a recent influx of oil companies to Somalia, but the country has been offered only a 7% share of the proceeds from the exploitation of its oil.This problem was foreshadowed by the former Somali President Mohamed Siad Bare, who famously said: “I will never sell my oil for 5%, or even for 10%, as long as Somalia is not getting the best deal.” Do you know why oil companies left Somalia? And why they are now scrambling back? It is clear to many people that the corruption of which the West often accuses third-world leaders creates the very environment it needs for the control of third-world resources and for colonialism to thrive. In reading Katrina Manson’s article “Oil Thrown on the Fire” at the Financial Times website, I saw again that, with every passing year, Somalis are losing more and more control of their own country to international criminals all over Africa and Europe. Kenya and Norway are the latest entrants in the scramble for Somalia’s resources.
Posted on: Sun, 23 Jun 2013 14:54:59 +0000
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