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Classified

East Africa is the new Middle East?

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According to a Hussein Abdi Duale, the Somaliland Oil Minister, East Africa is the new Middle East.

 

 

http://www.ibtimes.com/somaliland-oil-minister-breakaway-region-basket-case-somalia-says-east-africa-new-middle-east

 

While some companies elsewhere in East Africa have already made discoveries, Somaliland is green fields. Once you have a discovery, cost for an operator to obtain a license goes up, so Somaliland is currently competitive in this way as well. We are willing to offer international oil companies terms as competitive as those signed elsewhere and we're willing to ensure the sanctity of the production-sharing agreement contracts. The production-sharing agreements we have signed are written to international standards.

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N.O.R.F   

An oil law detailing the distribution of any revenues between sectors based on an official government 30 year strategic plan would be good as well Mr. Minister/SL Govnt. The govnt must show serious in order to be taken seriously.

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Maqane   

Classified;985343 wrote:
^ It was about Nacnacland located near Sambacland, across the sea from Tooriland's capital Sana'a.

This is NOT your first time inaar ee isku xishoo :P

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