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Few 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...

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

They're hoping to mimic London-based Tullow Oil, which discovered some 2 billion bbl. of oil in landlocked Uganda over the past four years. Last month, Texas-based oil company Anadarko Petroleum Corp. announced that it had tapped a giant reservoir of natural gas off the coast of Mozambique...

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

When the state-friendly Russian oil company Surgutneftegas held its annual shareholders meeting in the Siberian city of Surgut two years ago, the proceedings in the shabby auditorium started off as tightly scripted as a Politburo meeting. That is, until the moderator called for questions and Alexei Navalny took the...

Author: /time Magazine | Title: Russia's Erin Brockovich: Taking On Corporate Greed | 3/9/2010 | See Source »

In a country where discussing conspiracy theories is a national pastime, there is no shortage of speculation about Navalny's motives. Some bloggers say he collects dirt on companies to demand payouts in exchange for keeping quiet. (He denies the accusation, saying the companies he targets are too powerful to...

Author: /time Magazine | Title: Russia's Erin Brockovich: Taking On Corporate Greed | 3/9/2010 | See Source »

Navalny dismisses the suggestions that he is a puppet of murky forces and says his income from his corporate-law practice is sufficient to finance his crusades. "Not a single one of these managers in these large companies believes I am doing this just as some sort of battle for...

Author: /time Magazine | Title: Russia's Erin Brockovich: Taking On Corporate Greed | 3/9/2010 | See Source »

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