A story from Upstream FYI
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Charles Gurdon
Menas Associates
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EU funds search for Bakassi deal
23.10.2003
Europe has agreed to help kick-start demarcation work on the disputed
Bakassi peninsula area between Nigeria and Cameroon to back a World Court
ruling last year aimed at ending years of clashes.
Last October's controversial ruling by the UN court gave Cameroon
sovereignty over the region, a 1000 square-kilometres territory whose waters
are rich in oil and fish, Reuters reported.
The European Union's executive body said today it had granted 400,000 euros
to the Nigeria-Cameroon Mixed Commission charged with demarcating the
1600-kilometre border.
Bakassi is near deep sea reserves of an estimated 10 billion barrels of oil
in the Gulf of Guinea. Cameroon and Nigeria have clashed frequently over the
zone since independence in 1960 and fought a war over it in 1994.
Nigeria has never said it fully accepts the ruling but the two countries'
presidents jointly pledged early this year to settle the dispute amicably.
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