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09.08.2013 Soma Oil & Gas May Invest $20 Million to Survey War-Torn Somalia

Soma Oil & Gas Exploration Ltd., a U.K.-based company focused on Somalia, plans to invest about $20 million to survey the African nation rebuilding from decades of war, Chief Executive Officer Robert Sheppard said.

17.07.2013 U.N.: Western Oil Exploration In Somalia May Spark Conflict

Western commercial oil exploration in disputed areas of Somalia and discrepancies over which authorities can issue licenses to companies could spark further conflict in the African nation, U.N. monitors warned in a confidential report according to Reuters.