Mogadishu (HAN) June 7, 2014. Regional security and Energy intel update. As the latest ‘frontier region’ of hydrocarbon exploration and production in East Africa, Somalia remains not only one of the most promising, but also most challenging potential oil exporting countries.
Somalia boasts a host of challenges, including political volatility, institutional fragility, physical insecurity, and ambiguous property rights.
Apart from numerous technical obstacles, including scant infrastructure for transport and processing, Somalia boasts a host of challenges, including political volatility, institutional fragility, physical insecurity, and ambiguous property rights.
In a new report on Somalia’s oil potential, Dr. Dominik Balthasar, a development policy fellow with HIPS, examine the likelihood that the quest for oil will catalyse an already tense political situation and enhance chances for renewed conflict.
The Future Somali Oil in Somalia: Adding fuel to the flames?
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