Extracting Somali oil: is the risk worth the reward?

New research by seismic services company Spectrum Geo has confirmed significant hydrocarbon potential in the seas off the Somali coast, especially oil, which is easier to extract than natural gas. The government is keen to exploit the reserves, but is the threat of piracy and geopolitical instability too high to nurture an offshore industry? BY […]

Kenya to defend itself before ICJ on maritime boundary dispute with Somalia

Potential oil and gas deposits add extra impetus to decision. Attorney General Githu Muigai is leading the Kenyan delegation to the International Court of Justice (ICJ) in The Hague to present Kenya’s submissions to the Court on the Maritime Delimitation in the Indian Ocean. The suit against Kenya was filed by the Federal Republic of […]