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Does oil and gas deposits exit in Somalia?

Updated: 8/17/2019
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Husseinapsa

Lvl 1
14y ago

Best Answer

Good question. The answer is: no and maybe!

There is no oil or gas production in Somalia. Somalia has no proven reserves.

Underground depostis may exist. For underground deposits to become commercial projects, there must be commitments to spend money from investors. The pull out of Africa Oil in January 2009 does bode well for more exploratory efforts, at least in the short term.

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14y ago
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Q: Does oil and gas deposits exit in Somalia?
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