By Kennedy Senelwa Britain’s Serious Fraud Office (SFO) has launched investigations into oil firms operating in Somalia over corruption allegations. The SFO is investigating Soma Oil & Gas Holdings Ltd, Soma Oil & Gas Exploration Ltd, and Soma Management Ltd over payment of about $ 600,000 to the Somalia Ministry of Petroleum and Mineral Resources […]
Tag Archives: Somalia
Currently thought of as the petroleum sector’s latest ‘frontier region’, Somalia constitutes not only one of the most promising, but also most the most challenging of potential oil exporting countries. Whereas international enterprises face risks with regards to political fragility, legal ambiguity, and physical insecurity, Somalia looks down the barrel of the negative political, economic, […]
Lasanod — At least 50 people sustained burns during a massive blaze that broke out a gas station in Sool regional capital of Lasanod of northern Somalia on Monday according to witnesses, Garowe Online reports. Speaking with GO via telephone, local reporter said the explosion of gas can turned flames, triggering plumes of black smoke […]
