Somalia’s President and premier have declared null and void a deal signed by their energy minister with a US company to explore for oil and gas off the coast of the troubled Horn of Africa nation, IgbereTV reports
Minister of Petroleum and Mineral Resources Abdirashid Mohamed Ahmed and Coastline Exploration Ltd had announced on Saturday seven production sharing agreements (PSAs) covering deepwater offshore blocks.
Ahmed hailed it as a “huge moment” for Somalia, one of the poorest countries in the world, which is in the grip of a political crisis over long-delayed elections and also battling a jihadist insurgency
