Word: oil-rich
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...Another major stumbling block in the negotiations to form a government will be the oil-rich city of Kirkuk and the other disputed areas in northern Iraq. In a surprising turnaround, the Kurdish parties appear to have lost Kirkuk by a slim margin to Allawi's list, which has taken a hard line against Kurdish claims to the city. Since Maliki - whose current government was installed with Kurdish support, but dragged its feet on Kurdish claims to Kirkuk - now has fewer possible partners to form a government, he may find himself more dependent on them than ever. And that would...
...government. The push for decentralization is represented by the ruling parties of the Kurdistan Regional Government and an alliance of Shi'ite parties - led by Ammar al-Hakim and chastened warlord Muqtada al-Sadr, among others - that critics claim is bent on creating a semiautonomous Shi'ite enclave in oil-rich southern Iraq...
...American combat forces plan to withdraw in the summer, the election appears to have yielded another period of political uncertainty. Until now, Iraqi politicians have managed to hold things together by deferring decisions on some of the toughest points of contention, such as the status of Kirkuk - the oil-rich northern city coveted by the autonomous Kurdish region, a claim fiercely resisted by the Arab majority, first and foremost the Sunnis who live in the area - and the mechanisms for sharing the country's oil wealth. Cobbling together a new ruling coalition is unlikely to see any decisive resolution...
...between 2000 and 2002 and two more to CNOOC in the next four years. In 2008 and 2009, it issued 18 new licenses. "Despite a long history of unsuccessful exploration, the oil companies are investing in Kenya," says Mwendia Nyaga, managing director of the National Oil Corporation of Kenya. "The question is not if any hydrocarbon deposits exist, but where they are." (See "Borders of Sudan's Oil-Rich Region Shrink...
...That poor distribution of wealth has also sparked conflict in Nigeria's oil-rich southern Delta region, where militants lobbying for a greater share of oil revenue regularly blow up pipelines and kidnap foreign oil workers. Andrew Kakabadse, professor of international management development at the U.K.-based Cranfield School of Management, says oil companies have at various times pitted ethnic factions against one another for economic gain. (See pictures of Lagos...