Washington Babylon — November 20, 2007, 10:04 am

Jarch Capital’s Sudanese Gambit

Paris-based Africa Energy Intelligence (AEI) recently carried a fairly alarming article on Jarch Capital, an investment fund headed by a former Salomon Brothers trader named Phil Heilberg. Jarch has big interests in African natural resources and its leadership includes Joseph Wilson. According to AEI, Jarch has looked for business in Darfur, where Heilberg “has hitched his star to one of the leading rebel chiefs in the region,” as well as in the “breakaway province of Somaliland.” The story says that Jarch’s advisory board includes Tuhat Pol, president of an “Ethiopian opposition movement calling for an armed uprising against the Addis Ababa government.”

An affiliate of Jarch also claims to have a rich oil deal in southern Sudan. I won’t go into all the details, but to make a long story short: the southern Sudanese are intensely divided along ethnic lines and alliances are constantly shifting. A provisional government in the south recently suspended its participation in a union government with the Islamic north. Some fear a resumption of the North-South civil war, one of the bloodiest of modern times, which came to a halt with a peace agreement in 2005. And even if that doesn’t happen, the south might well declare independence from the north before 2011, when a national unity government is supposed to be finalized.

Into this powderkeg comes Jarch, trying to enforce its oil deal (which involves exploration of a huge oil block in southern Sudan that covers 240,000 square kilometers) with threats of legal action. AEI says the investment fund originally signed the deal before the 2005 peace deal, and many in the current southern leadership say it is not binding.

It’s a dangerous situation: “The State Department isn’t supportive of Jarch’s involvement because it knows that once Americans go after oil in the south any hope of a national unity government collapses,” an American who closely follows events in Sudan told me. “The southerners are already fighting over power and this would get them fighting over oil too.”

Share
Single Page

More from Ken Silverstein:

Commentary November 17, 2015, 6:41 pm

Shaky Foundations

The Clintons’ so-called charitable enterprise has served as a vehicle to launder money and to enrich family friends.

From the November 2013 issue

Dirty South

The foul legacy of Louisiana oil

Perspective October 23, 2013, 8:00 am

On Brining and Dining

How pro-oil Louisiana politicians have shaped American environmental policy

Get access to 165 years of
Harper’s for only $45.99

United States Canada

CATEGORIES

THE CURRENT ISSUE

April 2017

You Can Run …

= Subscribers only.
Sign in here.
Subscribe here.

Never Would I Ever

= Subscribers only.
Sign in here.
Subscribe here.

The March on Everywhere

= Subscribers only.
Sign in here.
Subscribe here.

Defender of the Community

= Subscribers only.
Sign in here.
Subscribe here.

Echt Deutsch

= Subscribers only.
Sign in here.
Subscribe here.

The Boy Without a Country

= Subscribers only.
Sign in here.
Subscribe here.

view Table Content

FEATURED ON HARPERS.ORG

Article
The March on Everywhere·

= Subscribers only.
Sign in here.
Subscribe here.

Photograph (detail) © Nima Taradji/Polaris
Post
The Forty-Fifth President·

= Subscribers only.
Sign in here.
Subscribe here.

Photograph (detail) by Philip Montgomery
Article
Defender of the Community·

= Subscribers only.
Sign in here.
Subscribe here.

Illustration (detail) by Katherine Streeter
Article
The Boy Without a Country·

= Subscribers only.
Sign in here.
Subscribe here.

Illustration (detail) by Shonagh Rae
Article
Asphalt Gardens·

= Subscribers only.
Sign in here.
Subscribe here.

In a city that is rapidly pricing out the poor, NYCHA’s housing projects are a last bastion of affordable shelter, with an average monthly rent of $509
Photograph (detail) © Samuel James

Average percentage by which the amount of East Coast rainfall on a Saturday exceeds the amount on a Monday:

22

Dry-roasting peanuts makes eaters likelier to acquire an allergy.

Trump said that he might not have been elected president “if it wasn’t for Twitter."

Subscribe to the Weekly Review newsletter. Don’t worry, we won’t sell your email address!

HARPER’S FINEST

Who Goes Nazi?

= Subscribers only.
Sign in here.
Subscribe here.

By

"It is an interesting and somewhat macabre parlor game to play at a large gathering of one’s acquaintances: to speculate who in a showdown would go Nazi. By now, I think I know. I have gone through the experience many times—in Germany, in Austria, and in France. I have come to know the types: the born Nazis, the Nazis whom democracy itself has created, the certain-to-be fellow-travelers. And I also know those who never, under any conceivable circumstances, would become Nazis."

Subscribe Today