Timur Posted February 21, 2012 In a video we obtained this week, dating back to as far as 2009, several Somali men with guards can be seen with an Asian surveyor, pointing his camera at markings on the ground. The man seen pointing the camera at the markings is said to be a geologist with the South Korean energy company SK Energy, a member of the SK Group ‘Chaebol’, or conglomerate, formerly known as Sukyoung Group. In the 22-second clip, entirely in Somali, the man behind the camera states that the governor [of Mudug region, under the Puntland State authority], in the beige outfit, is informing the geologist about the date of the markings and which group in specific left the markings. The markings, left by drills and later sealed up, are most likely the work of CNOOC, the Chinese National Offshore Oil Company, which entered into an exploration agreement with former Somali transitional president Abdullahi Yusuf in 2007. It isn’t out of the ordinary for SK Energy to have a presence in Somalia. In 1988, the company entered into an agreement with the government of nearby Yemen to export crude oil from the Marib basin for processing in South Korea. The Marib basin also extends south across the Gulf of Aden into Somalia, though not as far as Garacad, where the video was filmed. It was rumored in 2009, almost at the outset of the presidency of current Puntland leader Abdirahman Mohamed Mahamud ‘Faroole’ that SK Energy approached him with a 99-year lease worth $50-100 million on the coast of Garacad district in Mudug. Faroole was said to have denied the offer, likely for a bigger payoff expectation from CNOOC in the Mudug region.. http://dissidentnation.com/ Quote Share this post Link to post Share on other sites
kingofkings Posted February 21, 2012 ^^^ 99 years for 50 to 100 million? i'm glad President Faroole told to go jump in a lake. Way to go President Faroole. Quote Share this post Link to post Share on other sites
Somalia Posted February 22, 2012 Siad Barre also had surveyors looking for oil in Mudug, Uranium is thought to have been found. But records were destroyed in Mogadishu, so no one really knows for sure except the companies. Quote Share this post Link to post Share on other sites
