Political Oil Diligence and its sister Political Oil Due Diligence came to the forefront in Nampula (a province of Mozambique)in 1977 just after Mozambique and Angola got its independence from Portugal.A hot blistering province between capricorn and equator lines of latitude.I believe its here that the Seven Sisters drew its attention to a secret special meeting of the worlds freedom movements fighters or guerrilla movements .Mozambique and Angola just received independence and both were embroiled in a bloody civil wars.Former brothers in arms turned on one another and where money talks (USA,Soviet Union and to a lessor extent China) the post independence struggle become a quagmire of ideals and nation building.However the biggest military force and enemy was the Republic of South Africa.To both countries Pretoria had its ideological priorities but hosted and engaged the rival forces against these governments.What was Pretoria`s motive ?Simple and comprehendible...... energy !!!
Angola was on the brink of utilizing its potential as a oil producing exporting nation.In Mozambique, South Africa has invested billions in energy nl. the Caborra(Cahorra)Bassa Dam.The dam was a focal point in supplying South Africa industrial north provinces of Natal,Transvaal(Johanesburg) and Northern Transvaal (Pretoria ) with electricity, despite South Africa`s huge raw and natural materials.The Nampula accord was the begining of how oil was and will be produced and supplied for decades to come.The Seven Sisters realized that the fiasko of Iran nationalization and the failure of most of the middle east rendering their oil pride to western countries was and today a failure of understanding the cementing tendencies of Political Oil Diligence in oil producing countries. Oil producing countries in developing countries consist of 68% percent of world GDP where its citizens live on less that 20USD per day however its leaders ,prime ministers and presidents are highly educated and are basically technocrats.It make it clear from the onset that many companies in Forbes top 200 and developed nation governments nl.EU,China,Russia Japan and USA ect together with their inteligence agencies do not understand how and when political oil diligence works ,what to predict,what strategy to apply ect.Oil Political Diligence is the stage of oil producing countries perception of dealing with a phenemon of a foreign entity(entity:oil company,foreign country) in engaging in a strategy of exploration,producing or distributing its crude oil.Ninety percent of the oil producing countries are developing countries that is Middle East ,Africa,Asia,and South America.Understanding the notion of developing countries has a two fold meaning in such that churning out a minimum of 500 000 bbl per day @96 USD renders in a whoppy 1,440 billion dollars per month,however it should be stated that the average output rages in the 850k to 1,8 million barrels per day.
27 Feb 2017