22 Apr 2013
Al Jazeera has released the second of a four-part series that reveals how a secret pact formed a cartel, the Seven Sisters, which controls the world's oil. At the end of the 1960s, the world’s major oil companies controlled 85 percent of the world's oil reserves. Today, they control just 10 percent. New hunting grounds are therefore required, and the Sisters have turned their gaze towards Africa. In their bid to dominate Africa, the Sisters installed a king in Libya, a dictator in Gabon, fought the nationalisation of oil resources in Algeria, and through corruption, war and assassinations, brought Nigeria to its knees.
Watch part one of the series: Desert Storms.
© Al Jazeera
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