Somalia looks to rekindle oil quest

War-torn Somalia looks to rekindle quest for oil
Somalia’s coastline, the longest in mainland Africa, has long been on the list of basins that oil explorers would like to exploit, but the instability and lack of security caused by three decades of civil war in the East African country has proved a deterrent to most.
The country remains a daunting place to operate for companies, with UN chief Antonio Guterres recently noting that, although it is making progress toward building a functioning state after three decades of civil war, extremist attacks and famine, insecurity, political instability and corruption remain major challenges.
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Source: hellenicshippingnews.com

File image of oil rig
File image of oil rig

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