WebFeb 22, 2024 · Somalia’s inaugural offshore oil & gas deal with U.S. operator deemed illegal. Authorities & Government. February 22, 2024, by Melisa Cavcic. Following several agreements for hydrocarbon exploration offshore Somalia, which were inked by a U.S.-based company and the Somali Ministry of Petroleum and Minerals, the office of the Auditor … WebThe Somali Petroleum Authority (SPA) was established to ensure a transparent and robust regulatory framework for external investors to explore petroleum potential whilst ensuring Somalia has maximum benefit. In line with our core principle of transparency, we will post on Twitter relevant information and welcome questions.
Sizing up Somalia: a new offshore oil frontier in the making
WebFeb 26, 2024 · The Petroleum Law grants the Somali Petroleum Authority the mandate to “investigate or cause to be investigated whether any requirement or condition of an Authorization has been or is being contravened” (Article 19, sub-article 15) in addition to its powers “negotiate Production Sharing Agreement…(Article 19, sub-article 14 (c) ” and ... WebTranslations in context of "petroleum authority" in English-Chinese from Reverso Context: On 24 June, Fretilin issued a press release calling on all parties to abide by the Court of Appeal decision that a decree-law establishing a national petroleum authority was constitutional, after having petitioned the Court for a review of its constitutionality. bir butuan city address
Somalia Seeks to Kickstart Oil and Gas - allAfrica.com
WebDec 28, 2024 · The Somali Petroleum Authority (SPA) was established to ensure a transparent and robust regulatory framework for external investors to explore petroleum potential whilst ensuring Somalia has maximum benefit. In line with our core principle of transparency, we will post on Twitter relevant information and welcome questions. Web6. 4 AUGUST, 2016 SOMALIA - FINAL REPORT WS0101.23802118.1 LIST OF ACRONYMS "2008 Petroleum Law": the Petroleum Law of Somalia no. XGB/712/08 dated 6 August 2008. "Allocation Agreement": the agreement to be entered between the FGS and the Member States pursuant to article 44 of the Provisional Constitution for the allocation of the … WebFeb 11, 2024 · The petroleum authority was created as part of Somalia’s reforms to attractive investors to tap into its fossil fuels. Formed as an independent body that markets Somalia’s oil blocks to investors by tallying the oil stock and signing production agreement, the Authority’s creation caused friction with the parent Ministry, seeking to stamp its mark … bir butuan city contact number