Somalia’s Oil & Gas Sector Attracting Investor Interest

Jun 1, 2015 by -

bloomberg-logo

 

Somalia government welcomes investor interests, and govt. won’t rush into any deals, Petroleum Minister Mohamed Mukhtar says in statement on Sunday.

* We are not about to rush into any deals that may compromise

the federal government’s ability to use any income generated to its own advantage * Petroleum Ministry working w/ African Development Bank to develop fiscal/legal procedures to support petroleum exploration, production * No production sharing ageements signed * “Recent reports that would suggest we are leaping into deals with our eyes shut are unfounded.”

by Editor - May 31, 2015

by Editor - Jun 1, 2015
No Comment

Leave a Reply

*

*

  • Exclusive: Sharmarke’s Dangerous S ...

    Mogadishu, Somalia ( SOMALI AGENDA)- Prime Minister Omar Abdirashid Sharmarke has finalized the composition of the Technical Taskforce Team according to documents obtained by SOMALI AGENDA. The Technical Taskforce mandated by the National Leadership...

  • High-level Corruption in Somalia Facilit ...

    Mogadishu, Somalia (SOMALI AGENDA)–On January 21st of this year, SOMALI AGENDA published an exclusive story on a South Korean fishing vessel the Poseidon that made an emergency stop in Mogadishu. The Poseidon carried 37...

  • Nick Kay joins chorus against cabinet

    Mogadishu, Somalia (SOMALI AGENDA)–Opposition to Prime Minister Omar Abdirashid Sharmarke’s cabinet continues to gain momentum as key members of the Federal parliament threaten to reject the newly named cabinet.  Shortly before the cabinet was...

  • Farah Shiekh Abdulqadir: A man on a Miss ...

    EDITORIAL Since the publications of series of SMS messages between President Hassan Sheikh Mohamud and his powerful Justice and Constitutional Affairs Minister Farah Sheikh Abdulqadir by SOMALI AGENDA, surrogates of Farah have frantically worked...

POPULAR POSTS

Copyright © 2014 Somali Agenda LLC. All rights reserved. The reproduction, modification, distribution, transmission or republication of any material from http://www.somaliagenda.com is strictly prohibited without the prior written permission of SOMALIAGENDA. You may print out a copy of an article for your personal, noncommercial use.