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Oil Dispute Takes a Page From Congo’s Bloody Past

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The need for a special effort by the U.S. and European governments to ensure that the resources of the East African region centred around Congo and Uganda are not used by militias and resource development companies at the expense of economic development for the region.

Oil company SOCO International and the Virunga National Park in the Democratic Republic of Congo

11/15/2014

In Congo and Tanzania areas with oil and minerals may lead to redefining national parks so that the areas where oil or minerals are found are excluded from the parks. Because of the size of the discoveries involved, the governments in the region and the oil companies are reluctant to give up the fight to continue exploration. With its long history of exploitation during colonial times and in recent decades with militias using the money generated leaving the people to live in poverty and conflict- effort needs to be focussed on creating a situation in which the oil and mineral resources can be used for economic growth and development.

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Oil Dispute Takes a Page From Congo’s Bloody Past

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Oil Dispute Takes a Page From Congo’s Bloody Past

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The World Bank under Kim plans $1 billion in investment in the war torn region along the border of Congo, Rwanda and Uganda.

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Oil Dispute Takes a Page From Congo’s Bloody Past

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S.E.C. rules for disclosure on payments by oil companies and on the use of minerals from the Congo

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The two rules are designed to reduce corruption and to limit the rush for minerals into the Congo.

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Oil Dispute Takes a Page From Congo’s Bloody Past

New York Times 11/15/2014

Oil and Mining Companies Must Disclose Payments to Foreign Governments, S.E.C. Says

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A Libyan's Plea to the S.E.C. on Oil Industry Transparency

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