[lbo-talk] The significance of Sao Tome

Chris Doss itschris13 at hotmail.com
Wed Jul 30 02:21:32 PDT 2003



>From: Michael Pollak <mpollak at panix.com>


>
>"Look, a day after soldiers seized power [in Sao Tome], one of the biggest
>oil majors put down $25,000 to purchase bid papers," said Hassan Tukur,
>Deputy Director of the JDA [the Joint Development Agency, i.e. of Sao Tome
>and Nigeria] and one of the mediators in town to help defuse the crisis.
>"If you look at Angola or Nigeria, political strife didn't prevent anyone
>from getting involved in oil opportunities."
>
><unquote>
>
>Michael

This is why all the talk about how the Kremlin's attack on Yukos is going to discourage foreign investment in the Russian oil sector because of fears of political risk is probably horse poo. If they can work with military juntas, you can certainly work with a bunch of chekists.

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