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Article: Cameroon set to regain oil-rich peninsula; Peaceful transfer by Nigeria seen as model.(WORLD)(BRIEFING: AFRICA)
- Article from:
- The Washington Times (Washington, DC)
- Article date:
- June 15, 2006
CopyrightCOPYRIGHT 2006 The Washington Times LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: David Applefield, SPECIAL TO THE WASHINGTON TIMES
YAOUNDE, Cameroon - At first glance, the Bakassi Peninsula hardly looks worth fighting over.
This sparsely populated swamp in a corner of the Gulf of Guinea consists mostly of mangrove thickets, dotted with seasonal fishing outposts. But don't be deceived: There's gold in them thar swamps black gold.
At a time when gasoline costs more than $3 a gallon in much of the United States, American oil executives and diplomats are intensely interested in the 250-square-mile Bakassi Peninsula and its offshore oil and gas deposits.
Like many Africa watchers, the petroleum industry is ...