edbile oil refining production line in somalia

                                               
                                               
                                               
                                               
                                               
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  • How much oil does Somalia have?
  • Geo-seismic studies have shown that Somalia may have at least 30 billion barrels of oil and gas reserves, but these resources will take time to develop, as detailed exploration generally takes three to five years, and production can only begin afterward.
  • 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.
  • 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.
  • What happened to oil exploration in Somalia?
  • Somalia remained off the radar for oil exploration companies for 25 years after the collapse of the government in 1991. Existing geological and geophysical data were mostly lost or destroyed. The regulator says that the licensing round is supported by 20,185 km seismic data, complementing 20,500 km of existing seismic data acquired in 2014.
  • Does Mogadishu need an upgrade to support oil exploration offshore Somalia?
  • Mogadishu port will need an upgrade to support oil exploration offshore Somalia. REUTERS/Feisal Omar Somalia will in coming years become an oil producing country and build an industry that will create jobs and support economic growth, Ibrahim Ali Hussein, chairman and CEO of the newly created Somali Petroleum Authority, tells The Africa Report.
  • Is Somalia a 'Final Frontier' for global oil & gas development?
  • There has been renewed interest in exploration plays in Somalia, one of the final frontiers for global oil and gas development, with energy security back on the political agenda in the East African country following years of conflict and instability. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.