Regional+Estimate

Eastern Africa's abundance in PNGSM, specifically in petroleum and natural gas estimated and proven reserves, contributed to the Chinese government and companies efforts to create strong ties with these countries. These resources are so vital to Chinese investors they allowed themselves to deal with the conflicts and turmoil in the region, as well as ally with disreputable worldwide figures such as Ethiopia's Prime Minister Meles Zenawi and Sudan's President Omar al-Bashir. Eastern Africa also contains many available strategic mineral investment opportunities, with large amounts of copper, gold, and iron ore in these countries. Eritrea, Djibouti, and Somalia are all currently in the process of exploring for more PNGSM because of the other recent Horn discoveries, opening more investment opportunities by Chinese investors.

Overall Investment: East Africa saw investment of as much US$12.8-billion - or 32% of all capital expenditure in Africa's oil and gas sector - from oil companies last year alone. Theyare willing to ally with globally disrespected people: Ethiopia's Prime Minister Meles Zenawi and Sudan's President Omar al-Bashir Embassy in every country except Somalia

http://english.gov.cn/ http://sousuo.gov.cn/search?searchword=SEARCHVALUE%3D%24^~horn*of*africa%24^~&channelid=6001&prepage=20&keyword=horn+of+africa&imageField.x=0&imageField.y=0 http://www.gov.cn/misc/2011-12/08/content_2015252.htm http://www.chinaafricarealstory.com/

Oil: Africa Oil confirms that the South Lokichar Basin contains gross contingent resources of 368 million barrels of oil, an increase of 557%. In addition gross risked prospective resources of 1,213 million barrels of oil are estimated for the South Lokichar Basin. Sudanese oil fields are China’s only majority owned and controlled oil or gas fields in Africa.

Natural Gas:

Minerals: