Somalia’s Oil & Gas Sector Attracting Investor Interest

Date:

Somalia govt. welcomes investor interest, 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”

For Related News and Information: First Word scrolling panel: {FIRST<GO>} First Word newswire: {NH BFW<GO>}

To contact the reporter on this story: Mohamed Sheikh Nor in Mogadishu at +44-20-7330-7500 or msheikhnor@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at +971-4-364-1029 orccarpenter2@bloomberg.net

Bloomberg

Wargane News
Wargane News
Delivers latest somali breaking news and information on the latest top stories, weather, business, entertainment, politics, and more.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Share post:

Subscribe

Popular

More like this
Related

Ethiopia: We are in full readiness to prevent any violence that may burn in our country, says Field Marshal Birhanu Jula

Filed Marshal Birhanu Jula underscored the fact that Ethiopian...

Ethiopian Premier Abbiy Ahmed maintains MoU with Somaliland will ultimately treatise

The Prime Minister of Ethiopia Abiy Ahmed Ali is...

President highlights Egyptian greed and hostility towards Somaliland

Somalia’s wish to capture Somaliland by force using Egyptian...

Abdirashid Dahabshiil hired me as I went about my duties of service to the community

Work and education were the two that I worked...