bath type flax seed oil refined project in somalia

                                               
                                               
                                               
                                               
                                               
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  • Why is Somalia launching its first offshore licensing round?
  • Somalia is one of the few remaining frontier oil and gas exploration territories and the Somalian federal government is promoting its advancement by launching its first ever offshore licensing round. We look at the latest developments. Since the late 60s, civil unrest has prohibited the exploitation of Somalia¡¯s offshore oil and gas resources.
  • 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.
  • Is Somalia a new frontier for oil & gas exploration?
  • Overall, the country, located in the Horn of Africa and bordered by Kenya and Ethiopia and close to Yemen, is a promising new frontier for oil exploration; it is not without its risks and challenges though. Oil and gas exploration started in Somalia in the 1950/60s, with a total of 70 wells drilled, 80% of which were onshore.
  • 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.
  • Why is Somalia trying to attract foreign investment?
  • Since the late 60s, civil unrest has prohibited the exploitation of Somalia¡¯s offshore oil and gas resources. Now, however, after several years of relative peace, the government is making a bid to attract foreign investment to develop the country¡¯s oil and gas riches.
  • 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.