Discovery of Oil
As of 2009, no oil has been found in the Ogaden. The U.S. Energy Information Administration has been quoted as estimating that Ethiopia has 428,000 barrels of crude oil reserves. However, experts believe the real prize is the estimated 4 trillion cubic feet of natural gas. This potential has drawn large companies such as Petronas from Malaysia and Lundin Petroleum, based in Sweden, to the inhospitable and nearly roadless Ogaden. Various media sources have wrongly stated that there is oil in Ogaden but there has been no oil discovery in the Ogaden. Contrary to popular claims, the Ogaden region is a resource poor desert and has lacked development for centuries under nomadic tribes that the federal Ethiopian government receives virtually little income from the region. Due to the nomadic nature of the natives and due to the ONLF insurgency, the current Ethiopian government is said to spend very high amount of budget for the infrastructure development of the Ogaden region despite the government getting proportionally very low tax revenue from the locals.
Read more about this topic: Ogaden National Liberation Front
Famous quotes containing the words discovery of, discovery and/or oil:
“Your discovery of the contradiction caused me the greatest surprise and, I would almost say, consternation, since it has shaken the basis on which I intended to build my arithmetic.... It is all the more serious since, with the loss of my rule V, not only the foundations of my arithmetic, but also the sole possible foundations of arithmetic seem to vanish.”
—Gottlob Frege (1848–1925)
“However backwards the world has been in former ages in the discovery of such points as GOD never meant us to know,—we have been more successful in our own days:Mthousands can trace out now the impressions of this divine intercourse in themselves, from the first moment they received it, and with such distinct intelligence of its progress and workings, as to require no evidence of its truth.”
—Laurence Sterne (1713–1768)
“I became increasingly anarchistic. I began to find people of my own class vicious, people in clean collars uninteresting. I even accepted smells, personal as well as official. Everyone who came to the studio smelled either of machine oil or herring.”
—Margaret Anderson (1886–1973)