africa.com
africa.com
Top 10 News

Hargeisa Strikes Oil

By SG Editor·
Oil pump jack in Hargeisa, Somaliland, symbolizing oil exploration and potential resource developmen.

Hargeisa strikes oil with this pump jack, highlighting the region’s emerging oil industry and economic prospects.

The self-declared republic of Somaliland has confirmed that oil has been discovered in the Sallahey area of the Marodi-Jeh region, its ministry of energy and mineral resources said in a statement posted on Facebook. The ministry said it had launched scientific investigations after a black liquid spilled from a water well drilling site in the area, and the results had confirmed the oil discovery. This is the first confirmed oil discovery in the area. The statement added that UK firm Genel Energy would start further oil exploration and production. The discovery comes two weeks after the Somali federal government warned Genel Energy against oil exploration in Somaliland without authorization from Mogadishu, saying the firm was undermining its sovereignty. Somaliland, which declared independence from the south in 1991 and has since been unsuccessfully seeking international recognition, said the statement from Mogadishu was meaningless.

SOURCE: THE STAR

Hargeisa Strikes Oil | africa.com