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Vol 56 No 22

Published 6th November 2015


Somalia

The oil and the spoils

The quest for oil is hotting up and fuelling tension between Mogadishu and Puntland. A proposed moratorium may not cool tempers

Neither the whiff of scandal nor the investigation by the Serious Fraud Office (SFO) in Britain into the activities of the UK company Soma Oil and Gas have dampened investor enthusiasm for Somalia's fledgling oil sector. Since early September, at least two foreign firms have signed deals with competing Somali entities to carry out seismic survey work offshore.

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