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United States Foriegn Investments Africa

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BUSINESS
January 9, 2000 | JAMES FLANIGAN
A huge oil discovery off the coast of Nigeria and oil production from a new field in Angola last week highlighted trends in world energy and boosted the stock prices of Texaco Inc. and Chevron Corp. The fact that the action was in Africa reflects success of oil company investments in that continent. Exxon Mobil Corp. also has announced recent discoveries in Angola. Asia, too, is seeing new oil. In Bohai Bay, offshore China's populous and industrial northeast, Phillips Petroleum Co.
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BUSINESS
January 9, 2000 | JAMES FLANIGAN
A huge oil discovery off the coast of Nigeria and oil production from a new field in Angola last week highlighted trends in world energy and boosted the stock prices of Texaco Inc. and Chevron Corp. The fact that the action was in Africa reflects success of oil company investments in that continent. Exxon Mobil Corp. also has announced recent discoveries in Angola. Asia, too, is seeing new oil. In Bohai Bay, offshore China's populous and industrial northeast, Phillips Petroleum Co.
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