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A bloggers critique of corporate resource stripping in Africa

“People don’t seem to like the way Glencore does business and they do not agree with what they do, especially in Africa. “[Glencore] is cheating other people, taking things out of the ground and not paying [much in taxes in the countries in which it operates] and selling it at a lot of profit.”

“Tony Hayward is not only the President and CEO of Genel Energy, he is also the Senior Independent Director at Glencore International Plc.”

http://www.tumblr.com/tagged/tony%20hayward

chunkymark

chunkymark·

Published on Jan 17, 2013

The artist taxi driver

A response to Jon Snow on reporting civilian deaths in Mali

Some crowd sourced, free and critical thoughts without corporate censorship bias

A conversation amongst bloggers… 

….I was just looking at the March 26th London Energy Symposium on your site and noticed that Tony Hayward is one of the speakers. I thought i’d take a little look at his new company Genel Energy and it seems he’s doing some very interesting stuff.

Earlier this month, Genel Energy started exporting crude oil by truck directly into Turkey from its Taq Taq oil field in Iraqi Kurdistan, after official exports from the region were halted until the federal authorities pay the 350 billion dinars ($300 million) dues owed to international companies working in the Kurdish area.

This November, it struck its first major oil deal since seceding from Somalia in 1991. Anglo-Turkish company Genel Energy received its licence from the Somaliland government in early November to explore and develop oil and gas reserves after pledging almost $40 million for exploration activities.
How much exactly was his pay off from BP that he can afford to create his own multi-national oil corporation. And how the hell were a few Somali pirates able to negotiate millions/billions from governments around the world and more importantly, where is that money now?
British Strategic Interest in Somalia Oil, Intelligence on  exploration licenses
David Goldman (no date?)
Sudden British interest in Somalia raised many questions with neither question finding a sound answer due to obscurity of the issue. The strategic interest of the British government on Somalia is based on energy intelligence and the vast energy reserves in form of oil lying both onshore and offshore Somalia.
British Government wants to secure oil exploration licenses awarded to several British exploration companies including British Petroleum BP and Asante Oil. BP held Somali exploration concessions in the 1980s before leaving in 1991 when Somali warlords toppled the dictator Said Barre. These concessions are still valid and the British Government wants BP to re-enter Somalia and start exploration.
The current Somalia regime has accepted terms set by the British in return keep the licenses and concessions made during the Said Barre regime valid. Unlisted British Oil explorer Asante Oil acquired a license for the Nugaal Block from the Somaliland government.
The Nugaal Block is rich with Hydrocarbons and is currently being explored and drilled by Horn Petroleum and Africa Oil in a joint venture. Intelligence by Strategic Intelligence confirms BP and Shell initiative to support job-creation projects in the coastal regions of Somalia. Shell Oil Co subsidiary Pecten Somalia Co, holds an exploration license for a block in the Indian Ocean offshore Somali. These concessions excite the British government, and owing to the vast possibilities of oil finds estimated to be in billions of barrels, the British want to invest heavily in security and economy in Somali.
Britain leads dash to explore for oil in war-torn Somalia
Government offers humanitarian aid and security assistance in the hope of a stake in country’s future energy industry
Mark Townsend and Tariq Abdinasir
The Observer, Saturday 25 February 2012 21.04 GMT
[…]
David Cameron last week hosted an international conference on Somalia, pledging more aid, financial help and measures to tackle terrorism. The summit followed a surprise visit by the foreign secretary, William Hague, to Mogadishu, the Somali capital, where he talked about “the beginnings of an opportunity” to rebuild the country.
The Observer can reveal that, away from the public focus of last week’s summit, talks are going on between British officials and Somali counterparts over exploiting oil reserves that have been explored in the arid north-eastern region of the country.
[…]
Hashi, in charge of brokering deals for the region’s oil reserves, also said Somalia was looking to BP as the partner they wanted to “help us explore and build our oil capacity”. He added: “We need those with the necessary technical knowhow, we plan to talk to BP at the right time.”
[…]
The state-owned China National Offshore Oil Corporation has tried to acquire an interest in Somalia’s reserves. Senior officials from the Somali transitional government are adamant that the imminent extraction of oil in Puntland next month would kickstart a scramble from the multinationals.
On Thursday, the last day of the London conference, BP and Shell unveiled an initiative to support job-creation projects in the coastal regions of Somalia. A subsidiary of Shell was thought to have acquired exploration concessions in Puntland before the descent into lawlessness in 1991.
A BP spokesman said there were “no plans” to work in Somalia and “no official had recently visited the country.”
[…]
…Maybe the connection is to do with arms trades in Somliland, hence the uk government involvement.. BP are distancing themselves to the public from Tony Hayward and the wrangling of overlapping oil rights that cross the Puntland and Somaliland regions.. also the original contracts that ENI (CANADA – PUNTLAND ) and ASNATE (uk) got from the rebels originally conflict in these disputed areas..
the UK is dealing with both sides to gain the oil and sell arms to Somaliland i believe..
Tony Haywards new firm may have been placed to facilitate negotiations with the pirates whilst BP and Shell overseas the military logistics and operation and wait for the dust to settle..
“… The EU’s anti–piracy operation has had Merchant Navy Liaison Officers from BP and Shell seconded to it. This means oil companies are helping determine exactly where European naval resources are deployed….”
 
Its hard to say where the oil companies begin and the arms and national military companies end.. ?
 
I havent looked yet but the PR companies like Chime UK and WPP who are overseeing the media coverage and “perception” management…
and creepy executives like Tony Hayward are spending the bribe money etc
A company called horn petroleum had the contract but now their shareprice seems to have dropped by loads now, and i dont know what ENI and Asante etc are negotiating.. to sort out any disputes from the overlap.
 
“…Without a central government, analysts said it is unclear how and when the potential oil and gas reserves believed to be in Somalia can be explored.
“The (Somali) federal government has been weak for a very long time,” said Abdullahi, the oil consultant….”

Pirates face a new foe: a private navy

Jan 12th 2013 | from the print edition
TIMES are tough and getting worse for Somali pirates, as their targets take countermeasures. The number of attacks off the Horn of Africa tumbled from 236 in 2011 to no more than 72 in 2012, according to the International Maritime Bureau, a body that monitors crime at sea.
Now a private naval effort is adding to their woes. A company called Typhon will use a 10,000 tonne “mother ship” to accompany convoys of merchant vessels. With 60 mostly armed, mostly British ex-soldiers on board, it will deploy speedboats and unmanned drones to watch and intercept hostile boats.
Anthony Sharp, Typhon’s boss, says customers will find that more efficient than putting armed guards on every ship. It will also spare them keeping guns on board (which is tricky in law). Typhon plans to have three large ships by the year end, with at least one based in the Gulf of Guinea, a hotspot for pirate attacks last year, and ten by 2016
Its backers include Simon Murray, a former foreign legionnaire who is now chairman of Glencore, a commodities giant due soon to merge with Xstrata, a mining behemoth. The new outfit will be a big potential customer for Typhon. But Mr Sharp downplays comparisons with Britain’s East India Company, which ran a private empire with its own navy. His is “actually quite a boring business,” he claims. Not for the pirates
Tony Hayward is not only the President and CEO of Genel Energy, he is also the Senior Independent Director at Glencore International Plc.
People don’t seem to like the way Glencore does business and they do not agree with what they do, especially in Africa. “[Glencore] is cheating other people, taking things out of the ground and not paying [much in taxes in the countries in which it operates] and selling it at a lot of profit.”
h/t sue, christina and of course tony hayward 🙂 and a special thank you to chunky for a passionate and sombre look at this trade

January 20, 2013 - Posted by | Uncategorized

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