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Somalia

What role does the Somali Petroleum Company play?

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Somalia   

In Puntland's exploration deals and future negotiations by the federal government and oil companies?

 

Under the deal, which President Yusuf approved as the Petroleum Law of Somalia on August 7, the Somali government owns a 51% share of SPC while Kuwait Energy Company and Indonesia's PT Medco Energy International each own a 24.5% stake in the SPC, according to Kuwait-based daily Al Watan.

 

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