Sheikh Sharif Ahmed, the Somali president who is currently in the U.S., said the agreement signed between Somali Prime Minister Omar Abdirashid Ali Sharmake and Puntland President Abdirahman Mohamed Farole in August was a "positive step in the right direction."
Somalia: PT Medco Energi Internasional and Kuwait Energy Co. have formed a petroleum venture with the Somali government, Investor Daily Indonesia reported, citing Hilmi Panigoro, president commissioner at the Indonesian company.
Somalia: Officials working for a Canadian oil company which has a contested exploration agreement in a northern region of Somalia have expressed their distaste with an individual playing a key role in the saga, inside sources tell Garowe Online.
Somalia: A Canadian company will soon begin exploring for oil in northeastern Somalia, a regional minister said Sunday, despite Somalia having neither a stable government nor a law governing such projects.
Somalia: "Ninety-five percent of our goods are Chinese made products," said Abdinur Ahmed Ali, a salesman at QualityComputers Shop in Bakara market south of Mogadishu, the Somali capital.
Somalia: Canadian oil and gas exploration company Africa Oil Corp., has started seismic mapping of a remote area in Somalia's relatively stable Puntland region, officials said on Wednesday.
Baidoa (Somalia), Apr 11: Lawmakers in Somalia's Transitional Federal Parliament voted in favor of establishing a national oil law for the war-torn Horn of Africa country.
Somalia, Apr 3: UN Development Program (UNDP) communications adviser Sue Morrell says the men are reportedly in good condition, but not much else is known of their whereabouts.
Nairobi, March 29: Somalia's embattled central bank plans to revamp the anarchic country's currency because of a flood of fake notes printed by warlords and businessmen.