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AFRICA: RESOURCE COMPETITION AND CONFLICT. Antony Goldman, Santa Cruz, March 2008. AFRICA: RESOURCE COMPETITION AND CONFLICT. Historical context External environment Technology Strategic issues Emerging players. AFRICA: RESOURCE COMPETITION AND CONFLICT.
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AFRICA: RESOURCE COMPETITION AND CONFLICT Antony Goldman, Santa Cruz, March 2008
AFRICA: RESOURCE COMPETITION AND CONFLICT • Historical context • External environment Technology Strategic issues Emerging players
AFRICA: RESOURCE COMPETITION AND CONFLICT • US oil reserves 21.8bn barrelsUS gas reserves 204.4 trillion cubic feet • Nigeria oil reserves 36.2bn bblsNigeria gas reserves 184.6 tcf • Algeria oil reserves 12.3bn bblsAlgeria gas reserves 161.7tcf • Venezuela oil reserves 80.1bn bbls • Venezuela gas reserves 152.3tcf
AFRICA: RESOURCE COMPETITION AND CONFLICT • OPEC/AFRICA OIL EXPORTStotal of 6.3m b/d in 2006 of which: • 3.3m b/d to north America • 2.5m b/d to Europe • 0.3m b/d to Asia Pacific
AFRICA RESOURCE COMPETITION AND CONFLICT • World Bank in 2006 estimates India imported 50 per cent of petroleum from Africa, principally Nigeria. • China imports 25 per cent of crude oil requirement from Africa, increasing at 30 per cent a year. Imports principally from Angola, Sudan, Equatorial Guinea and Congo. • Source: Africa's Silk Road World Bank 2006
AFRICA: RESOURCE COMPETITION AND CONFLICT Asia’s oil interests in Africa
AFRICA: RESOURCE COMPETITION AND CONFLICT • Financing and loans • ‘Soft’ power • Defence co-operation • Construction and infrastructure
AFRICA: RESOURCE COMPETITION AND CONFLICT Nigeria Oil discovered in 1955 Produces 2.1m b/d Resource control issues in the Niger Delta Deepwater development – political, security New players – independents, indigenous, Asian Proposed reform agenda
AFRICA: RESOURCE COMPETITION AND CONFLICT Outlook: A more competitive market Comparative advantage/ language, history Leveraging governance issues Africa’s choice