Somalia’s cabinet has approved the members of the Somali Petroleum Authority (SPA).
Abdirashid Mohamed Ahmed
Somalia is preparing for a bid round covering seven blocks in its offshore with the official opening due on August 4.
Somalia has reached an “initial roadmap” with a Shell and ExxonMobil joint venture on offshore exploration.
Somali President Mohamed Abdullahi Farmajo has ratified the country’s Petroleum Law.
Somalia is taking steps to attract foreign investment to its energy sector but challenges remain, most notably in how the federal government can integrate its policies with those of the state governments.