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LAUNCHING OF SOMALIA’S FIRST OFFSHORE LICENSING ROUND

12 May 2020 Mogadishu, Somalia. The Ministry of Petroleum and Mineral Resources of the Federal Republic of Somalia announces the launching of Somalia’s first offshore licensing round. Due to the spread of the global pandemic, COVID – 19, and resulting restrictions, the Ministry decided to launch the licensing round virtually. The 2020 Somali licensing round […]

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Shell/Exxon joint venture agrees on an initial roadmap for exploration and development of offshore Somalia

Shell/Exxon joint venture agrees on an initial roadmap for exploration and development of offshore Somalia   02 March 2020 Mogadishu, Somalia. The Ministry of Petroleum and Mineral Resources of the Federal Republic of Somalia, today announces it has agreed on an initial roadmap with the Shell/Exxon joint venture focused on the next steps towards the

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Memorandum of understanding with Egypt to develop Somalia’s natural resources

12 February 2020 Cairo, Egypt. The Minister of Petroleum and Mineral Resources of the Federal Government of Somalia, His Excellency Abdirashid Mohamed Ahmed signed a Memorandum of Understanding (“MOU”) with his Egyptian counterpart His Excellency Tariq Al Mulla, Minister of Petroleum and Mineral Resources, at the Egyptian Petroleum Show (EGYPS2020) in Cairo to help develop

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Memorandum of understanding with Sudan to develop Somalia’s natural resources

  10 February 2020 Khartoum, Sudan. The Minister of Petroleum and Mineral Resources of the Federal Government of Somalia, His Excellency Abdirashid Mohamed Ahmed, signed a Memorandum of Understanding (“MoU”) with the Sudanese Minister of Energy and Mining H.E Adel Ali Ibrahim, to support in the development of Natural Resources in Somalia. The Minister led

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Landmark Petroleum Law completes legislative process with Presidential Ratification

NEWS RELEASE The Ministry of Petroleum and Mineral Resources of the Federal Republic of Somalia LANDMARK PETROLEUM LAW COMPLETES LEGISLATIVE PROCESS WITH PRESIDENTIAL RATIFICATION 8 February 2020 Mogadishu, Somalia. The Ministry of Petroleum and Mineral Resources of the Federal Republic of Somalia announces that, following approval by the Upper and Lower Houses of the Federal

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The Upper House of Somali Parliament has approved the bill of the Petroleum Law

The Upper house of the Federal Parliament of Somalia has passed the Petroleum bill on Monday 6th, 2020. After senate hearing of the bill, 28 voted with 24 senators in favor of the bill and rejected by four. The meeting was chaired by Speaker of the Upper House Senator Abdi Hashi Abdullahi along with the

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Developments in the Legal and Regulatory Framework Petroleum

Petroleum  Bill 2017: The bill was endorsed by the Lower House of the Parliament and has been submitted to the Upper House of the Parliament and has passed firs; The Petroleum Environmental Regulations: This Regulation protects the environment, whether onshore or offshore; The Health and Safety Regulations: The Regulations protects the people and equipment; The

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Opinion: Could Somalia become the next Texas?

By: His Excellency Abdirashid Mohamed Ahmed, Minister of Petroleum and Mineral Resources of the Federal Republic of Somalia. The story of Somalia is being rewritten, and Texas’s oil boom of the early 20th century is a good marker for the future of the African country. Texas oil drove the economy forward, bringing better education with

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