Somalia to be the 7th largest oil producer in the world

Oh it is, that shouldn't be taken as indication that it governs itself as part of Somalia or takes its orders from Mogadishu though. Puntland is as independent of Mogadishu as Somaliland. The only difference is Somaliland is seeking international recognition as an independent country.

The federal government is trying to improve its relations with Puntland, while at the same time they are trying to tempt Somaliland away from seeking international recognition. So they are neutral in this territory dispute between Puntland and Somaliland, an area which is said to contain oil.

Don't think somaliland will be tempted into any unison with Somalia ever again. Somaliland is probably the only democratic like nation (de facto) in the horn of African. A place in which to its east there's a dictatorship, to the north dictatorship and to south a government that has just been able to take back the capital with the aid of 22,000 AMISOM soldiers.


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British Firm BP to Explore Somalia Billions of Oil Barrels

British oil giant British Petroleum signed concessions with the Petrol Department for the Somali Federal Republic to explore oil and gas in the war raven East African nation.

Intelligence reports existence of significantly large oil deposits in Somalia which could change global prices if tapped.

The Somali shores of Indian Ocean could be having some of the worlds largest oil deposits.

Experts geographical assessments point out billions of oil barrels are reserved untapped in Somalia.

Intelligence collected by Strategic Intelligence shows Somali Puntland province has 10bn barrels of oil reserves, making one of the top 20 countries holding oil.

A company that drilled wells in Puntland estimate 4bn barrels (about $500bn worth at today’s prices) in its two discoveries in Somalia.

If drilled, Somali oil would flood the market beating countries like Nigeria and Kuwait to make Somalia the 7th largest oil producer in the world.

WOW

If true watch how quickly the United States becomes interested in resolving the civil conflicts and establishing a reasonably stable (if not democratic) regime there.

Doubtful. They already tried once.

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If true watch how quickly the United States becomes interested in resolving the civil conflicts and establishing a reasonably stable (if not democratic) regime there.

It may not be tempted in to a union again, but I doubt it will become independent any time soon. Even if some day the Government in Mogadishu agrees to let them go, it will most likely be on the condition that they do not take the disputed territories (the place in which there is said to be oil). They only control a few cities in that area and the inhabitants are overwhelmingly pro unionists. Somaliland has even been caught transporting people from other parts of Somaliland to that area in order to stage independence day celebrations.

I don't think you should let the democracy of Somaliland that you see in articles fool you. Unemployment is higher in Somaliland then in the Puntland region of Somalia, more people want to leave Somaliland (human trafficking) then in Puntland, higher drugs usage etc. It still has many, many problems.

The recent negotiations in Turkey have resulted in the Federal government in Mogadishu sending some of the aid it receives to Somaliland, as well as sharing and administrating together a single airspace.

It is a fact that one of the biggest reasons Somaliland is peaceful is because of its stable neighbours, Puntland, Djibouti and Ethiopia. It is even likely that it will go to war with Puntland over those disputed regions.

Indian Ocean = Indian oil.

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This is a joke... right?

Good luck they'll take your oil and make a few people in government rich.

Do we actually have a link for this claim?

Haha that's the problem with forum's. Everything's based on sending evidence of a particular quote or a source via a link. I have my legal documents and my family is very well known very much respected by the people of the government.

Like I said hopefully this mess is sorted quickly so we can fix our land.