India, following in China’s lead, has been investigating the possibilities of African oil production, but its rising imports from west Africa have been threatened by the age-old scourge of piracy.
Increased security has forced pirates to rethink their strategy for obtaining oil, Alic writes, and they have repeatedly demonstrated that they are capable of moving with the times.
Pirates generally target ships in order to steal the goods being transported, and oil trade around the Niger Delta is being affected as pirate activity grows, according to OilPrice.com.
Did you hear we halved poverty while we were all distracted by Invisible Children, asks guest blogger Jina Moore.
Congo's polls today could be a crucial step for the resource-rich country's progress toward stability and self-determination. Disputed elections could leave it conflict-prone and poor.
West Africa has seen a sharp increase in the number of pirate attacks off its coast. The goal is not lucrative ransom payments, but fuel, which sells for a large sum on the black market.
Pirates are making headway off the West African coast – the Gulf of Guinea is second only to Somalia in terms of pirate attacks.
Chevron has evacuated hundreds of employees from the oil-rich region of Nigeria after a string of attacks on oil pipelines.