Indonesia, Kuwait eye proposed Somali oil firm

[BiLaaL]

Originally posted by The Duke:

^^^How many small companies are taking such risks? The answer is none.

 

Thus range, CNOOC are just the beggining the world is coming back to Somalia. Long may the good news continue.

Ok. Lets forget about evaluating the merits of these oil firms. Care to address the more substantial issues raised in my post? Or do you agree with them all? i.e. that AY and Ghedi are nothing more than two criminals running an oil cartel!

[NASSIR]

Oil has become increasingly controversial in Somalia where experts say

a power struggle has emerged between President Abdullahi Yusuf and Prime Minister Gedi over exploration rights.

 

Somalia remains a speculative bet for oil exploration with no proven oil reserves, according to the US Energy Information Administration, and only 200 billion cubic feet of proven natural gas reserves.

Arabian Business