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07/17/2004:

"West Africa the Next Warzone?"

Western Sahara, Equitorial Guinea, Niger Delta, Angola...Huge oil and gas investments and explorations by Spanish and American corporations...I shudder to think...Gee, think this explains relentless US intervention in Angola for the past 30 years? What appals is that nothing has changed since colonial days, except that the former colonial powers take MORE out of Africa now than they did then...

Angola Press Service
Chevron/Texaco Invests About Usd 9 Billion in Oil
Luanda
US oil company Chevron/Texaco has invested since 2003 about Usd 9 billion in the implementation of three petroleum exploration projects and routine burning of gas on the Angolan coast.

The projects are "Sanha Condensados", "Tômbwa-Lândana" and "Belize-Lobito-Tomboco", located in the provinces of Cabinda, Zaire, (north), Namibe (southweat) and Benguela (centre), which are to be concluded in the year 2005.

Speaking to ANGOP, at the Luanda International Trade Fair (Filda/2004), the deputy chairman of the company, Peter Robertsom, said that "Sanha Condensados" is of an environmental character and permits the elimination of burning of gas at sea.

Until its completion in 2005, he stated, it will remove around 2.2 million tons of carbon dioxide per year.

This project will also produce 100.000 barrels of oil per day, in a condensed (a light hydrocarbon - a liquid similar to petrol). The development of the Belize-Lobito-Tomboco fields, located in Cabinda, Benguela and Zaire, will produce oil in a first phase, through pipelines, starting from 2005.

With three drilling centres, connected to a platform, the project expects to produce 200.000 barrels of oil a day, as from July 2008, while Tômbwa-Lândana project, in Namibe and Cabinda, will explore 100.000 tons of crude oil until 2006.full article