Eritrea+Petroleum

=It Is Unlikely Chinese Investors Will Invest In Eritrean Petroleum And Natural Gas In The Next Five Years=

Executive Summary:
Eritrea's lack of known sources of oil and natural gas in the nation largely contribute to the little interest Chinese petroleum investors will show in the next five years. Defba Oil Share company in a joint venture between a Chinese group and the Eritrean government explored for oil and natural gas reserves off the coast of Massawa in the Northern Eritrea in 2008, but since then there no other occurrences in the exploration of oil and natural gas continued, mostly because of the lack of stability and infrastructure in the country.While an Energy Intelligence unit in March 2013 claimed Eritrea is sitting on a massive oil and gas reserve, larger than any other in the Horn of Africa, unless reserves are discovered, Chinese investors will continue to look elsewhere to find the resources it needs.

**Analytic Confidence: **
Analytic confidence for this assessment is moderate. Source reliability ranges from medium to high. There is no conflict between sources. The analyst had low expertise, worked alone but collaborated with a team, and did not use structured analytic methods. The subject is moderately complex and the deadline was moderately difficult to meet.


 * Analyst**: David Bott