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Article: Arab investment in Sudan's oil increases. (Business & Finance).(Asian gas and oil firms)
- Article from:
- The Middle East
- Article date:
- February 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 IC Publications Ltd. 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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Matthias Muindi reports from Nairobi
For western oil firms, Sudan's nascent oil industry is a plague many feel should be avoided. With powerful human rights lobbyists at home calling for disinvestment by shareholders and threats by the US government to de-list oil firms operating in Sudan from American capital markets, it is easy to see why western companies would elect to steer clear, even without regular threats by the rebel Sudan People's Liberation Army (SPLA), who say they will shut down all the oilfields by force.
However, despite the drawbacks, Asian oil and gas firms, especially those from the Far East view the oilfields in Africa's largest ...