Western fears about increasing Asian interest in securing African oil resources are highly exaggerated, according to a recent report by the UK's Royal Institute for International Affairs (RIIA)."In spite of fears expressed in Western capitals about an Asian takeover in the Nigerian and Angola oil sector, the reality is different," said the RIIA report authors, adding that "these fears were highly exaggerated."The report noted that the presence of Asian oil and gas companies in Africa is comparatively recent and that in the face of such new competitors, established Western oil majors still "dominate production and hold the majority of reserves."The report, ent...