Word: regionals
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...past 50 years have shown that countries up the coast of East Africa have natural gas in abundance. Early data compiled by industry consultants also suggest the presence of massive offshore oil deposits. Those finds have spurred oil explorers to start dropping more wells in East Africa, a region they say is an oil and gas bonanza just waiting to be tapped, one of the last great frontiers in the hunt for hydrocarbons. "I and a lot of other people in oil companies working in East Africa have long been convinced that it's the last real high-potential area...
...have wanted to pay the cost of searching for oil or gas in the region, or risk drilling wells in volatile countries such as Uganda, Mozambique or Somalia. But better technology, lower risk in some of the countries and higher oil prices in recent years have changed the equation. Wildcatters and majors such as Italy's Eni, Petronas of Malaysia and China National Offshore Oil Corporation (CNOOC) have all moved on East Africa in the past few years...
...Sudanese government has agreed to a peace deal with the most powerful rebel group in the war-ravaged Darfur region, the Justice and Equality Movement (JEM). The cease-fire, signed after a year of negotiations, was described by Sudanese President Omar Hassan al-Bashir as a "major step" toward ending the seven-year conflict in which non-Arab African rebel groups have battled the Arab-dominated government. The agreement paves the way for JEM's inclusion in the government and may ease international pressure against al-Bashir's controversial administration ahead of the national election. However, the absence of other...
...Crimson competitors did just that, breaking a pair of school records and winning an IC4A relay among some of the most talented teams in the region...
...some of the military tension along China's periphery. Beijing considers the self-ruled island a breakaway province that should ultimately be reunited with the mainland, by force if necessary. A more China-friendly leadership in Taipei has helped eased some of the fear of armed conflict. But the region still has the potential to be a flash point. Taiwan says China has some 1,500 missiles stationed along the Taiwan Strait. And a decision by U.S. President Obama in January to approve the sale of more than $6 billion in military equipment to Taiwan has angered the Chinese government...