ASSESSMENTS

Cameroon Takes Official Control of Potentially Oil-Rich Territory

Aug 15, 2013 | 15:10 GMT

An aerial view of a campsite in Bakassi.

(Clement Yango/AFP/Getty Images)

Summary

Cameroon on Aug. 14 assumed full jurisdiction of Bakassi Peninsula after a five-year transition period from Nigerian rule. Bakassi Peninsula consists mainly of smaller islands covered in mangroves, but its importance rests on the expectation that valuable petroleum reserves will be uncovered in the area. Local militias still oppose Cameroonian control, and although their activity has diminished in recent years, militants will continue to pose a threat in Bakassi.

Energy exploration has been underway on Bakassi Peninsula for several years, but militants could continue to pose a limited threat....

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