CHAOTIC SOMALIA MAY CONTAIN RICH GAS AND OIL RESERVES
February 1st, 2011
BY WACHIRA KIGOTHO
CLASSIFIED as a failed state, Somalia is one of the world's poorest countries, but oil production could change its fortune. Indeed, politically fractured Somalia is being touted as a potentially rich oil and gas producer. Given security, Somalia is increasingly regarded as economically strategically-located, a view fuelled by recent interest by Chinese and western nations' oil and gas investment companies.
Under the surface of Somalia's chaotic image quiet diplomacy over oil exploration concessions persist between Somali factions and ...
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