Tuesday, April 24, 2007

Violence In Another Country's Oil Fields

From Bloomberg:

The Ogaden National Liberation Front, a rebel group demanding an independent state within Ethiopia, claimed responsibility for an attack on a Chinese-run oil field that left 74 people dead, the African nation said.

``The attack has killed 74 people and seven more workers have been kidnapped'' from the field near the town of Abole, which lies in the east of Ethiopia near the border with Somalia, Bereket Simon, an aide to Ethiopian President Meles Zenawi, said in an interview from Addis Ababa today.

Nine Chinese workers were killed and seven kidnapped, he said. The field is run by Zhongyuan Petroleum Exploration Bureau, the Associated Press reported.

Just what the oil market needs -- another geographic area with violence and oil.