Somalia’s opportunity as one of the world’s last true oil and gas exploration frontiers may soon be rekindled – creating an industry to deliver long-term economic growth and prosperity to the Somali people. Culled from Africareport. The launch of the 2020 Somali Bid Round  after ratification of the Petroleum Law and Resources Revenue Sharing Agreement, the […]

Somalia expects to announce the winners of its first oil and gas licensing round early next year, as the country seeks petro dollars to help rebuild its struggling economy, a senior government oil official said via Reuters. Battered by violence and an Islamist insurgency since clan warlords overthrew a dictator in 1991, Somalia is offering […]

Somalia has kicked off an initial roadmap with Shell and Exxon as joint venture partners to explore and develop potential offshore oil and gas reserves, Somalia the Ministry of Petroleum and Mineral Resources announced. “I am delighted we have agreed an initial roadmap with the Shell/Exxon joint venture. This gives us confidence in (the)ability to […]

Somalia petroleum Minister Hon.Abdirashid Mohamed Ahmed has boosted his country’s endowment in hydrocarbons owing to its favorable geological structure and it possess huge opportunities for investors looking to enter the East African market. Mohamed Ahmed made this known during theAfrica Oil & Power conference.“Nowhere is the contribution that the energy industry can make to civil […]