Saturday, November 24, 2007

Canadian oil chief in Somali region for exploration - AFP

NAIROBI (AFP) — A delegation from Canada's Africa Oil Corporation is visiting the Somali semi-autonomous region of Puntland to brief leaders on its planned oil exploration activities for next year, a statement from the region said Friday.

AOC chief Rick Schmitt President and two drilling experts arrived in the region on Thursday and held talks with Puntland President Adde Muse and government officials.

The team also visited the prospective basins in the Nogal and Dharoor Valleys in northern Somalia where the company is expected to drill four exploratory wells early next year, the statement said.

Puntland rulers and AOC, formerly known as Canmex Minerals Corporation, in January signed a Production Sharing Agreement despite opposition from local Somali clans.

The firm will spend 50 million dollars (34 million euros) in exploration expenditures.
Several other companies including China's CNOOC and China International Oil and Gas (CIOG) are reported to have signed agreements with Puntland, which was controlled by Abdullahi Yusuf Ahmed before he became Somali president in 2004.

The Horn of Africa nation, which has had no functioning central government since 1991, has attracted several foreign energy companies that are interested in prospecting for oil.

Before the country plunged into anarchy in 1991, when dictator Mohamed Siad Barre was ousted, geological exploration indicated that Somalia could have oil reserves given its proximity to the oil-rich Red Sea and Gulf of Aden.

A scramble for resources has fueled the complex Somali conflict that has defied numerous bids to restore a functional national administration.

Source: AFP

10 comments:

Anonymous said...

had the team sent by rail to New York City, where it picked up two cases of Budweiser beer at New Jersey's Newark Airport, and presented it to Al Smith, former governor of New York and an instrumental force in the repeal of Prohibition. [url=http://www.fillerobe.com]canada goose jackets[/url] People from all walks of life including the celebrities and politicians nowadays resort to cardio kickboxing. [url=http://www.hollistercostores.co.uk]hollister uk[/url] Panlstulq
[url=http://www.jacketstorontoonsale.com]warm goose jackets for women[/url] Gyrqmrerf [url=http://www.louboutinstoreuk.co.uk]christian louboutin shoe sale[/url] eaohihnmp [url=http://www.cheapcanadagooseparkas.ca]canada goose canada[/url]

Anonymous said...

ugg ptikeyri ugg baratas mmffomos botas ugg aalrrqic ugg australia drnxdulx ugg espa?a jyptlhwr

Anonymous said...

I used to be able to find good information from your articles.



My blog post - TN Pas Cher

Anonymous said...

Greetings! Very helpful advice in this particular article!
It is the little changes that will make the largest changes.
Thanks for sharing!

my blog post ... air max Pas Cher

Anonymous said...

hi!,I really like your writing so a lot! share we keep in touch extra approximately your post on AOL?
I require an expert on this house to unravel my problem.
Maybe that's you! Looking forward to look you.

Have a look at my site; Cheap NFL Jerseys

Anonymous said...

After checking out a handful of the blog posts on your website, I really like your
technique of blogging. I book marked it to my bookmark site list and
will be checking back in the near future. Please check out my
web site too and let me know your opinion.

Feel free to surf to my blog post: Louis Vuitton Outlet

Anonymous said...

I used to be suggested this website via my cousin. I am now not positive whether this
publish is written via him as nobody else recognize such distinctive approximately my trouble.
You're wonderful! Thank you!

My web-site - Air Max Pas Cher

Anonymous said...

Hi there just wanted to give you a brief heads up and let you know a few of the images aren't loading properly. I'm not sure why but I think its
a linking issue. I've tried it in two different web browsers and both show the same outcome.

Feel free to visit my page ... NFL Jerseys Cheap

Anonymous said...

Every weekend i used to pay a quick visit this web page,
for the reason that i want enjoyment, since this this site conations genuinely fastidious funny
data too.

Here is my weblog :: Louis Vuitton Purses

Anonymous said...

Hello there! I could have sworn I've visited this site before but after looking at many of the articles I realized it's new to
me. Nonetheless, I'm definitely pleased I stumbled upon it and I'll be bookmarking
it and checking back often!

Here is my web page ... related site