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Somalia in preliminary talks with oil majors to restart exploration

  • Somalia's government says it is in talks with some of the world's biggest energy companies in an attempt to restart oil exploration in the war-torn east African country.
  • Somali officials have discussed having BP, Exxon Mobil (XOM), Royal Dutch Shell (RDS.A, [RDS.B]]), Chevron (CVX), ConocoPhillips (COP) and Eni (E) return after more than two decades of violence drove away major oil producers.
  • Shell says talks with the government "are of a preliminary and exploratory nature"; BP and Eni confirm having some discussions.
  • Somalia last year transitioned to its first permanent government in years and is trying to rebuild the economy with oil as a cornerstone.
Comments (1)
  • IgnisFatuus
    , contributor
    Comments (2115) | Send Message
    I'm sure this will work out well for these companies...
    7 Oct 2013, 11:42 AM Reply Like
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