Somaliland

HOW SOMALILAND OIL FINDING COULD RESET REGIONAL BALANCE

Posted on by Gambeta News
HOW SOMALILAND OIL FINDING COULD RESET REGIONAL BALANCE

The presence of oil in Somaliland has been confirmed by a recent exploration. The discovery has raised the stakes in Somaliland’s claim for independence from Somalia as it holds the potential for a new stream of revenue for the semi-autonomous state. But the oil exploration is deepening the rift with Somalia, which claims sovereignty over the region. Michael Walls answers five key questions. What is Somaliland’s hydrocarbon potential? In 2020, Norwegian seismic survey company, TGS, estimated that the…

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SOMALIA REJECT OIL PERMISSION CLAIM FROM SOMALILAND

Posted on by Gambeta News
SOMALIA REJECT OIL PERMISSION CLAIM FROM SOMALILAND

Somalia rejected on Wednesday what it called an “illegal claim” by Genel Energy (GENL.L) to oil exploration and exploitation rights in the country’s northern breakaway region of Somaliland, the country’s oil ministry said. Somaliland claimed independence from Somalia in 1991 and has been largely peaceful while the rest of the country has grappled with three decades of civil war, but its leadership has failed to gain widespread international recognition. In a statement, Somalia’s oil ministry said it…

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BERBERA PORT EXPANSION TO COMMENCE IN SEPTEMBER.

Posted on by Gambeta News
BERBERA PORT EXPANSION TO COMMENCE IN SEPTEMBER.

Berbera port expansion to commence with just concluded agreement between UAE and the Government of Somaliland. The Berbera Port expansion project is about to start with the just concluded agreement between United Arab Emirates (UAE) and Somaliland Government. The Head of Port Operation Ali Ismail Mohamed confirmed that the project is set to kick off after his visit to the port. Adding that the first phase will commence in September and concluded by 2020. The…

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