Somali-oil-map

SOMALI PETROLEUM & MINERALS SECTOR

Oil investigation began in 1948 for Somalia, when Sinclair Oil, Conoco, and Agip revealed eight sedimentary basins, but at present, the country doesn’t produce hydrocarbons. Before 1991, many IOCs had acreage in Somalia and more than 60 wells were drilled. On the other hand, mining can be critical to achieving the development aspirations of Somalia. Often, …

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