New oil field found

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posted on Aug, 6 2009 @ 08:56 AM
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Pity Uganda ... they are now an oil rich nation. A country that has been ravaged by war is now sitting on top of a field estimated by some experts to be worth almost 2 billion barrels of oil.

Africa's oil history has been one of war and ethnic violence as various groups manouever to gain control of the oil fields.


Northern Uganda suffered from civil unrest since the early 1980s. Hundreds of people were killed in the rebellion against the Ugandan government, and an estimated 400-thousand people were left homeless. Political violence increased in Kampala with the 1998 and 1999 bombings of several popular restaurants nightclubs, and other public places. Eight foreign tourists, including two Americans, were murdered by an Interehamwe guerilla group in Bwindi National Forest in March 1999. Rebels were active in the northern and western sections of Uganda.

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This oil find will add more fuel to the fire:

British Tullow Oil plc said Thursday it had discovered a new field in Uganda estimated to have up to 50 million barrels.



While the latest findings raise the confirmed figure to more than 700 million, industry watchers believe that when all exploration is finished total reserves could reach two billion barrels


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posted on Aug, 6 2009 @ 09:47 AM
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Ohh, maybe Africa can get an Boost in their economy.
Unless, some one steals it or even have stolen it already..



posted on Aug, 6 2009 @ 10:16 AM
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reply to post by ChemBreather
 


Many African countries have oil fields. Nigeria is one of the largest oil producers in the world. You would then expect them to use that money and build their economy like Dubai etc. Afraid not ... they are poverty stricken.

But this is Africa, and wherever oil,gold, diamonds etc. are discovered - death and war soon follows.



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