crude cotton seed oil refined processing line in somalia

                                               
                                               
                                               
                                               
                                               
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  • Is coastline doing oil exploration in Somalia?
  • Coastline, an upstream oil and gas company focused on East Africa, said in a statement on Friday it had paid a $7 million signature bonus to the government and would now proceed with exploration. In 2019, Somalia passed a petroleum sector law paving the way for exploration, especially off its coast.
  • Did Somalia sign a petroleum exploration agreement with coastline exploration?
  • MOGADISHU, Oct 21 (Reuters) - 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.
  • Does coastline exploration's wait-and-see approach in Somalia pay off?
  • Coastline Exploration 's wait-and-see approach in Somalia has finally paid off. The federal government on 21 October approved the award of seven offshore blocks to the oil junior, in return for a signature bonus of $7m.
  • Which oil companies are exploring in Somalia?
  • 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.
  • 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.
  • When will oil production start in Somalia?
  • Oil production could start for the first time in the country in two years, he said. The Somalia Petroleum Authority launched the country's first-ever offshore round in May 2020 offering seven blocks in the offshore which runs into the Indian Ocean and Gulf of Aden.