Wednesday, October 24, 2007

A Smart Move

It's how the game is played.  And no where in the world do they need to play to win than in Africa.

excerpt from:

BBC NEWS | Business | Nigeria eyes review of oil deals

Nigeria's top energy adviser, Rilwanu Lukman, has said deals with foreign companies to extract Nigerian oil should be reviewed.

Nigeria produces billions of dollars worth of crude oil every year in partnership with Western companies such as Mobil and Shell.

Mr Lukman said he wanted to improve the conditions of oil deals to be even more mutually beneficial to both sides.

Nigeria is Africa's top oil exporter and a key supplier of crude to the US.

Speaking to reporters in Abuja, Mr Lukman did not name specific companies.

"We have to look at what is on [the] ground now and see which way we can improve the conditions so that our relationship will be even more beneficial to both sides," he said.

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