Civil Conflict in Somalia Could Hurt Offshore Projects

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Somalilandsun : Civil strife has been one of Africa’s biggest hurdles to the exploration and production of oil and gas on the continent’s waters.

Despite a reduction in the conflicts, violence has flared up again in East Africa, as forces loyal to Somalia clashed with those from the semi-autonomous region of Jubaland hence stopping in its tracks the drive towards political stability in the region which could hold huge oil and gas reserves.

The clash between Somalia and Jubaland early at the weekend and early this week, which has spilled over into Kenya, comes at a time when both parties were expected to participate in the implementation of a more focused offshore development plan by international oil companies, some already with production sharing contracts in Somalia and other potential new upstream investors.

Continue Reading New Civil Conflict in Somalia Could Hurt Offshore Projects

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