Via The Financial Times, a report on oil exploration in Somaliland: It’s not a country recognised by anyone other than its own government, but that doesn’t seem to phase three oil companies scaling up exploration in Somaliland. UK-listed Genel Energy and Ophir Energy, and Australia-listed Jacka Resources, are starting to explore for oil in earnest […]
Read more »Via Forbes, an interesting article on the impact of Rosneft’s planned purchase of TNK-BP: Exxon Mobil is no longer the world’s number-one oil producer. As of last week, that title belongs to Putin Oil Corp – oh, whoops. I mean the title belongs to Rosneft, Russia’s state-controlled oil company. Rosneft is buying TNK-BP, which is […]
Read more »Courtesy of The Wall Street Journal, a look at Laos’ approval to join the WTO: A vote on Friday that formally approved Laos’s application to join the World Trade Organization marked a key coming of age for the small, landlocked Communist country, which has quietly posted some of the world’s strongest economic growth over the […]
Read more »Via Time magazine, an interesting article on the possibility of an Afghan stock exchange: The project seems, at the least, ill-advised: establishing Afghanistan’s first ever stock exchange amid the uncertainties of security and the suffocating presence of official corruption. But that is exactly what two young Afghans want to do. Ahmad Bassam and his partner […]
Read more »Via Foreign Policy, an interesting look at ExxonMobil’s recent signing of six exploration contracts in Kurdistan: In 2006, an Iraqi technocrat named Tariq Shafiq was charged with crafting an oil law. A Berkeley-trained engineer, he began his career in the 1950s, rising through the consortium of foreign firms that comprised the Iraq Petroleum Company — […]
Read more »Courtesy of Emerging Markets Insights, commentary on issues that must be addressed for multinationals to succeed in India: 1. Fragmentation: Multinationals have to move out of the traditional Tier-1 cities in order to adapt to India’s unique urbanization trend: The rise of manufacturing in rural India has led to robust job and wealth growth, which […]
Read more »