Tag Archives: oil deal in Somalia

Somalia: president Farmajo rejects oil deal with US firm

Somalia: President Farmajo is seeking second term

Somalia’s President Mohamed Farmaajo has rejected an oil revenue sharing deal signed by the petroleum ministry and an American firm, the BBC reports. Coastline Exploration said it had signed seven deals related to offshore oil and gas exploration. “Somalia contains the largest remaining unexplored set of basins situated in warm …

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