Ethiopia could be sitting on large energy reserves, says John Daly the chief analyst for Oilprice.com.
He said two explorers, British oil firm New Age (African Global Energy) and its Canadian oil firm partner Africa Oil, found an oil and gas flow at its Elkuran-3a appraisal well depth of 3 900 feet. The company began drilling the appraisal well in October 2013, with a targeted depth of 9 350 feet.
Daly said oil and gas flows are very common in that region, especially in the Elkuran and Hilala regions, but that more exploration work is needed.
Hey,I think that they whichever nation within Africa have found these resources should use them wisely. I think that if they nationalized the income from the oil or whatever resource then the nation would benefit instead of the standard few greedy capitalists. To use some of the cash from the black gold in improving the nations educational system is another step I think they should take. To use the States as there backer in any manner I think is a bad idea. The strings attached are always wrong.Thank you!!
ReplyDelete>>>>>>>>>>>>>>>>~~~~~~~~~>>>>>
Africa Current News
This comment has been removed by the author.
ReplyDelete