Heavy duty tools+vehicles arrive Bosaso port for the Oil Exploration

[General Duke]

^^^Of course you do mate

 

Official: Canadian company to begin oil exploration in northeastern Somalia

The Associated PressPublished: May 25, 2008

 

MOGADISHU, Somalia: A Canadian company will soon begin exploring for oil in northeastern Somalia, a regional minister said Sunday, despite Somalia having neither a stable government nor a law governing such projects.

 

A ship belonging to Africa Oil Corp. and carrying oil exploration equipment has docked at the port of Bossaso, and the Canadian company will begin exploration soon, said Hassan Osman Alore, the region's energy and minerals minister.

 

He said the Vancouver, Canada-based Africa Oil Corp. will spend nine months looking for oil in the Dharor and Nugal valleys in the semiautonomous northeastern region of Puntland. On its web site Africa Oil Corp. says it has an 80 percent participating interest in the licenses and operation of the Dharor Valley and Nugal Valley projects. The Canadian company says it will pay US$50 million (€31.8 million) over 6 years for its 80 percent interest.

 

"We believe that Puntland has good oil deposits similar to the Arabian Gulf countries," Alore told The Associated Press.

 

Where the oil exploration is taking place is, "not a disputed area. It is a safe place," Alore said.

 

 

Violence has left much of Somalia without a stable government for 17 years. Puntland, however, has been relatively stable during that time.

 

Legislation to govern oil exploration and exploitation, set up a state-owned company — the Somali Petroleum Corp. — was presented to Somalia's transitional Parliament last year for debate but it has yet to be passed.

 

Puntland and the transitional federal government have disagreed in the past over which government has the right to enter into oil exploration and exploitation deals and the legislation is aimed at helping resolving that.

 

President Abdullahi Yusuf, "has sent an endorsement letter to Puntland and he has authorized the oil exploration and production deal. We cannot wait for parliament to pass the oil and energy law," Alore said. "Many Puntlanders will be employed."

 

On its web site, Africa Oil Corp. says it entered an exploration agreement with the Puntland government in January 2007, something Alore confirmed. Africa Oil Corp. is listed on the Toronto Venture Exchange.

 

Alore said that the Houston, U.S.-based Conoco-Phillips did exploration work in Nugal Valley in the 1980s at a cost of US$150 million.

 

He said regional government officials had contacted the company about resuming its exploration, but the company did not show interest so officials reached out to other firms.

 

Somalia has been in a state of anarchy since warlords overthrew long-serving dictator Mohamed Siad Barre in 1991. Yusuf leads a transitional federal government formed in 2004, but his administration is unable to assert much authority.

[SomaliThinker]

^^^ ok as i said before the next Nile Delta lool.

[General Duke]

^^^lol. you do not even know what you are talking about, its the Niger Delta Hate is confusing you old boy..

[SomaliThinker]

^^^ Ok old boy it be the Niger Delta loool. And there is no hate on my side old boy lool.

[General Duke]

^^^Confused you are saxib, fix up.

[SomaliThinker]

nope ^^Adeer just stating my point which you keep, repeating is confusing to you. Should i e-mail you a digram of my views loool.

[General Duke]

^^^No but how did you get Nile and Niger confused for over a two day period?

Its remarkable how much this project has effected you. Brother I hope you recover soon.

[SomaliThinker]

LOOOL spelling mistake old boy^^ even great man can make mistakes loool. Anyway that does not change my point which is that Niger Delta is on the way for Puntland thats all. So Duky dont worry about my well being, which is sweet of you but just putting my two cent in this topic thats all.

[General Duke]

^^^lool. Ok adeer you have proven how much you hate Puntland. But you are a simple mortal and your curses are nothing.

 

Puntland is moving forward while you wait for the Queen to recognise you.

[SomaliThinker]

^^^Adeer can you read minds wow cause i never said i hate Puntland at all in this post lool. Yes i am mortal giving my views which for some reason boils your blood. Puntland God willing will improve and grow, just like Somaliland, and while we wait for the Queen we grow and develop lol. (Wink)

[Thankful]

From what i'm hearing the exploration is going very good and Alhamdulilah there has been no incidents. The project has the peoples full support. Elders of the region have all endorsed it. If this wasn't the case the trucks wouldn't have even left the Port. There are those of course against it, as this thread proves that wish to see absolutely no progress for any other regions to further their tribal cause. They post articles of every single crime that happens, which occurs in everyone place in the world, but pretend it is only taking place in Puntland. But when it comes to their tribal lands it nothing but great news...airport, budget, offices, water projects!!! We understand...your side good, our side bad.

 

Other enemies are those from abroad who want to be the ones bring companies in.

 

Puntland must be aware of these enemies who will do anything to destroy it.

[SomaliThinker]

^^^ Like your sytle looool, good luck puntland loool

[AfricaOwn]

Originally posted by somalipride:

From what i'm hearing the exploration is going very good and Alhamdulilah there has been no incidents. The project has the peoples full support. Elders of the region have all endorsed it. If this wasn't the case the trucks wouldn't have even left the Port. There are those of course against it, as this thread proves that wish to see absolutely no progress for any other regions to further their tribal cause. They post articles of every single crime that happens, which occurs in everyone place in the world, but pretend it is only taking place in Puntland. But when it comes to their tribal lands it nothing but great news...airport, budget, offices, water projects!!! We understand...your side good, our side bad.

 

Other enemies are those from abroad who want to be the ones bring companies in.

 

Puntland must be aware of these enemies who will do anything to destroy it.

I don't know about you but, I wouldn't call those "enemies" my countrymen.

[General Duke]

Somali Pride thanks for the update. Its greed, selfishness and ignorance driving some. But no excuses Puntland will continue on its developmental projects regardless of what some say.