Russian's frigid Bashkortostan state -- site of the upcoming BRICS summit -- is rich in oil and attractive to investment, but for one thing (besides the cold): the threat of Islamic fundamentalism.
Will the discovery of major oil reserves be good or bad for Western Ghana? The jury is still out.
A breakaway region of war-torn Somalia may be sitting on an oil bonanza. Among those looking to profit is the former boss of Gulf spill-era BP.