Geeska Afrika Online

Somalia Strategy to Start Oil and Gas Production in 2020

Mogadishu (HAN) February 13, 2015 – Public Diplomacy and Regional Strategic Energy supply news. Somalia may start producing oil and gas by 2020 after exploration work showed the potential for “huge energy deposits”  of the resources in Somalia, including Puntland and Somaliland coastal zones, outgoing Petroleum Minister Da’ud Mohamed Omar said.

“We expect that Somalia will produce oil and gas in 2020 and the nation will reap enormous benefits such as alleviating the poverty and leading the country into prosperity” 

Petroleum Minister Da’ud Mohamed Omar didn’t identify which oil companies are carrying out exploration work in the country. Somalia is considering its first bidding round for oil blocks since 2009 as increasing stability begins to attract more foreign investors.

African Union-backed government forces have regained control of about 70 percent of the country that had fallen under the control of al-Shabaab, the al-Qaeda-linked militant group seeking to create an Islamic state in Somalia. The government is in talks with companies including Royal Dutch Shell Plc, Exxon Mobil Corp., BP Plc and Chevron Corp. about reactivating dormant contracts in the country, according to J. Jay Park, managing director of Petroleum Regimes Advisory, who provides legal advice to the government. Oil companies haven’t operated in the country since civil war erupted in 1991 and they were forced to declare force majeure.


Photo: Deputy Administrator Donald Steinberg and Somali President Hassan Sheikh Mohamud

Related News:

Somalia: Global confidence in Africa’s emerging energy reserves ‘supports economic growth strategy’

The Geeska Afrika Online is Free government-funded. HAN (Horn of Africa newsline) shapes its editorial policy free from political and commercial influence.

Geeska Afrika Online (1985 -2015) – The International Gateway news and views about the Horn of Africa (Ethiopia, Eritrea, Somalia, Somaliland, Sudan, South Sudan, Djibouti, Kenya and Uganda), the best IGAD news and information Online Site for the last 30 Years.

HAN & Geeska Afrika Online (1985-2015), the oldest free independent Free Press in the region, brings together top journalists from across the Horn of Africa. Including Ethiopia, Somalia, Eritrea, Sudan, Djibouti, South Sudan, Uganda, Kenya, Oromo, Amhara, Somali, Afar and Harari. Plus, we have daily translations from 150 major news organizations in the Middle East and East African regions. Contact at



, , ,




Leave a Reply

Your email address will not be published. Required fields are marked *

Share via
Copy link