After Malaysia's Petronas this week sold out its oil and gas interests in Ethiopia's turbulent Ogaden region to the Ethiopian-owned company SouthWest Energy, rebels in the Ogaden claim an important victory.
The Ogaden region in eastern Ethiopia, a sparsely populated area dominated by the Somali people, holds the country's largest proven hydrocarbon bearing sedimentary basin. Proven gas reserves are at 2-4 trillion cubic feet, but poor infrastructure and political instability has led to a slow development of the fields.
Oil and gas exploration in the Ogaden so far has been headed by the Malaysian company Petronas and the Vancouver-based Africa Oil Corporation. Ogaden rebels have on several occasions pressurized the foreign companies to leave the region.
Today, the Ogaden National Liberation Front (ONLF) claims its campaign against the "multinationals" has seen its first success. The rebels doubt that a real, market-based "sale" has taken place.Read More
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