seeds oil refining mill in somalia

                                               
                                               
                                               
                                               
                                               
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  • Does oil exploration deepen the rift between Somalia and Somalia?
  • The discovery has raised the stakes in Somaliland¡¯s claim for independence from Somalia as it holds the potential for a new stream of revenue for the semi-autonomous state. But the oil exploration is deepening the rift with Somalia, which claims sovereignty over the region. Michael Walls answers five key questions.
  • Is there oil in Somaliland?
  • 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 for a new stream of revenue for the semi-autonomous state.
  • Why did oil and gas companies leave Somalia?
  • Prior to the conflict and collapse of the government in 1991, international oil and gas majors had exploration agreements in Somalia, but they withdrew from the country because of the civil war. Energy firms like Royal Dutch Shell and ExxonMobil operated in Somalia before the government collapsed in 1991.
  • What oil companies operate in Somalia?
  • Energy firms like Royal Dutch Shell and ExxonMobil operated in Somalia before the government collapsed in 1991. In 2020, the government passed a petroleum law under which the Somali Petroleum Authority was established to regulate the industry and guide deals with international contractors.
  • How can US companies access the Somali food market?
  • U.S. companies can access the Somali food market through distributors or agents, particularly those processing tomato paste, dairy milk, chicken, pasta, sugar, and eggs. Additionally, market opportunities related to food oil include palm and sunflower oil.
  • Does Somalia import food packaging machinery?
  • Additionally, Somalia is anticipated to import food packaging machinery. For instance, Somalia¡¯s carton market is estimated at $10 million per year, with most packaging products currently being imported from China and the UAE.