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...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...

Author: /time Magazine | Title: Iraq: Political Turmoil Threatens as Votes Are Counted | 3/11/2010 | See Source »

...Explorers salivate in particular at the prospect of peace in Somalia. Oil reserves in the blocks licensed to two small oil companies, Africa Oil and Range Resources, could contain as much as 10 billion bbl. Nobody is talking about producing oil in Somalia anytime soon, but analysts say oil companies are less likely to be intimidated by political risk than they were in the past. They point to oil production in south Sudan, where a 20-year civil war that ended in 2005 threatens to reignite. "Definitely, there is a sense that there are discoveries to be had," says...

Author: /time Magazine | Title: Is East Africa the Next Frontier for Oil? | 3/10/2010 | See Source »

...Many Nigerians argue that the real reason for the violence isn't ethnic or religious differences but the scramble for land, scarce resources and political clout. Poverty, joblessness and corrupt politics drive extremists from both sides to commit horrendous atrocities. Although the nation rakes in billions of dollars in oil revenue annually, the majority of Nigerians scrape by on less than a dollar a day. In Plateau State, where Jos is located, Muslim cattle herders from the north and Christian farmers from the south vie for control of the fertile plains...

Author: /time Magazine | Title: The Violence in Nigeria: What's Behind the Conflict? | 3/10/2010 | See Source »

...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...

Author: /time Magazine | Title: The Violence in Nigeria: What's Behind the Conflict? | 3/10/2010 | See Source »

...Kakabadse blames a lethal combination of outside oil interests, long-standing local conflicts and poverty for the sectarian strife. "In Nigeria the Christian-Muslim thing is the tip of the iceberg," he says. "What's underneath the water is a much more complex sociopolitical situation, which cannot be explained just in terms of the religious divide. You have a recipe ripe for conflict, and it just so happens to be Christian-Muslim...

Author: /time Magazine | Title: The Violence in Nigeria: What's Behind the Conflict? | 3/10/2010 | See Source »

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