4 days ago · Oil extraction could disrupt Somalia’s coastal and agricultural communities, particularly through potential contamination of fishing waters and farmland. The government has promised to implement stringent environmental regulations to mitigate these risks.

Mar 5, 2025 · Based on data, estimates, and technical studies, Somalia’s oil reserves have been estimated at over 30 billion equivalent barrels of oil, nearly three times Algeria’s oil reserves, placing Somalia third in Africa behind Libya and Nigeria.

Nov 21, 2024 · If oil or gas is discovered offshore in Somalia, it will mark a new era of opportunities in the Somali oil industry due to its geo-strategic location. Somalia should look for markets and investors from East Asian countries such as Malaysia, Japan, India, and China, which will be eager to gain access to Somalia’s oil and gas if its reserves ...

Oct 9, 2024 · Recent seismic surveys and exploratory drilling suggest that Somalia’s offshore regions—especially Puntland and the waters along the Indian Ocean—may harbour substantial oil and gas deposits.

Oct 25, 2024 · Arab Oil Countries Express Concerns Over Somalia’s Emerging Oil and Gas Potential. As Somalia continues to make strides in the exploration and development of its oil and gas resources, the country is beginning to draw the attention—and concern—of established oil giants in the Arab world.

Dec 30, 2024 · MOGADISHU (Somaliguardian) – Somalia’s Prime Minister, Hamza Abdi Barre, on Monday affirmed that the Ministry of Petroleum and Mineral Resources will guide the nation toward economic prosperity, emphasizing the numerous oil exploration agreements it has established with various countries, some of which remain undisclosed to legislative bodies.

Mar 8, 2025 · We’ll explore the future of oil exploration in Somalia, its benefits, the necessary precautions the state must undergo, and the larger geopolitical ramifications. Oil exploration in Somalia has significant transformative implications for the country’s economic landscape.

6 days ago · According to the minister, Somalia may be able to declare its first oil production by the end of 2025 or early 2026, marking a significant milestone in the country’s energy sector.

1 day ago · Garowe (HOL) — The Ogaden National Liberation Front (ONLF) has condemned the Somali Regional State's recent meeting with the Chinese energy firm Poly-GCL, accusing officials of facilitating "resource plunder" while disregarding the political rights of the Somali people. The group warned the company of "repercussions" should it proceed with oil and gas extraction without securing local consent.

Mar 7, 2025 · Turkey's seismic research vessel Oruc Reis sails through the Bosporus Strait as it heads toward Somalia to begin a landmark oil exploration mission in the country's untapped waters. The vessel is expected to conduct advanced seismic surveys over the next seven months.

May 20, 2024 · Somaog.com is the official digital platform for Soma Oil & Gas ltd. (BVI), a pioneering oil and gas exploration company focusing on harnessing Somalia's untapped energy potential.

Jan 27, 2023 · The presence of oil in Somaliland has been confirmed by a recent exploration. The discovery has raised the stakes in Somaliland’s claim for independence from Somalia as it holds the potential...

Feb 17, 2024 · MOGADISHU (SD) -The Minister of Petroleum & Mineral Resources of the Federal Government of Somalia, Abdulrazak Omar Mohamed, has stated that Somalia will for the first time in 2024 extract its first batch of oil.

Feb 17, 2024 · "Somalia will start producing oil on its territory for the first time in history later this year," said Somali Minister of Petroleum and Mineral Resources Abdirizak Omar Mohamed, Azernews reports, citing TACC.

International oil companies including Chevron, Eni, ExxonMobil and Shell began exploring in Somalia in the 1950s but bolted when the country erupted in civil war in 1991. Today, though, Houston-based Coastline Exploration is leading a renewed charge, having acquired seven offshore blocks from Somalia's federal government in 2022.

Jan 22, 2024 · Learn about the market conditions, opportunities, regulations, and business conditions in somalia, prepared by at U.S. Embassies worldwide by Commerce Department, State Department and other U.S. agencies’ professionals.

Jan 27, 2023 · Professor Michael Walls (UCL Development Planning Unit) explores in The Conversation what the recent oil discovery in Somaliland will mean for its claims of independence from Somalia, and the economic and political implications it has for the region as a whole.

Apr 20, 2019 · Offshore Somalia is estimated to hold around 110 billion barrels of oil, which would make it the sixth largest reserves in the world. For a country that has been at the bottom of global rankings on the basis of transparency, human development, passport power, and safety, oil is seen as a source of hard currency to turn things around and fuel ...

Oct 21, 2022 · Somalia has signed a petroleum exploration agreement for seven offshore blocks with United States-based Coastline Exploration, the company said in a statement on Friday.

As the latest ‘frontier region’ of hydrocarbon exploration and production in East Africa, Somalia remains not only one of the most promising, but also most challenging potential oil exporting countries.