{"id":7879,"date":"2020-01-07T09:48:54","date_gmt":"2020-01-07T09:48:54","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=7879"},"modified":"2020-01-07T09:48:54","modified_gmt":"2020-01-07T09:48:54","slug":"somalia-approves-new-petroleum-law","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/somalia-approves-new-petroleum-law\/","title":{"rendered":"Somalia Approves New Petroleum Law"},"content":{"rendered":"

Somalia\u2019s Parliament \u00a0upper house earlier this week approved a new petroleum legislation, aimed at providing a regulatory framework that has been lacking and overall attract major international companies which exited the country over three decades ago.<\/p>\n

The new law will above all establish revenue sharing between the Somalia National Government and other states besides providing a legal guideline to the industry.<\/p>\n

Speaking following the passing of the new law Somalia\u2019s minister of petroleum and mineral resources Abdirashid Mohamed Ahmed termed the event as a major step for the country\u2019s upstream sector.<\/p>\n

\u201cThis is a major step forward for Somalia and its people as the petroleum law is approved by the upper house and moves closer to completing its legislative process,\u201d Abdirashid Mohamed Ahmed, the Minister of Petroleum and Mineral Resources, said in a statement on Monday.<\/p>\n

Following the passing of the new law it will need to be assented signed by the president before it can come into effect.<\/p>\n

This comes even as the country plans its first ever oil and gas licensing round off the country\u2019s coastline following the completion of 2D seismic acquisition carried out by SeaBird Exploration and concluded in\u00a0June 2014<\/a>\u00a0with over 20,500 km lines of 2D seismic data having been acquired across a 114,000 sq km offshore evaluation area.<\/p>\n

Under a seismic option agreement with Ministry of Petroleum & Mineral Resources, Federal Government of Somalia Soma oil and gas is now set to benefit<\/a>\u00a0from blocks with an area of up to 60,000 sq km under.<\/p>\n

The new licensing has been a source of disagreement<\/a> between Somalia and its southern neighbor Kenya with Nairobi terming the action as \u201cunparalleled affront and illegal grab at the resources of Kenya\u2026 and tantamount to an act of aggression against the people of Kenya and its resources.\u201d Kenya claimed some of the blocks up for auction fall within the contested blocks between the two countries with a suit by Mogadishu already at the International Court of Justice.<\/p>\n

At home the Upper House\u2019s national resource committee in a statement termed the summit unconstitutional and against the law warning that any auction could have \u201cextremely serious consequences\u201d given the country lacks a petroleum law and regulations.<\/p>\n","protected":false},"excerpt":{"rendered":"

Somalia\u2019s Parliament \u00a0upper house earlier this week approved a new petroleum legislation, aimed at providing a regulatory framework that has been lacking and overall attract major international companies which exited … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":7574,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[6552,1105,1252,1600,7276,2352,7277],"class_list":["post-7879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-abdirashid-mohamed-ahmed","tag-icj","tag-kenya","tag-ministry-of-petroleum-and-mineral-resources","tag-petroleum-law","tag-somalia","tag-upper-house","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/Somalia-Licensing-Round-1.jpg?fit=511%2C730&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-235","jetpack-related-posts":[{"id":8206,"url":"https:\/\/www.oilnewskenya.com\/index.php\/somalia-launches-first-offshore-licensing-round\/","url_meta":{"origin":7879,"position":0},"title":"Somalia Launches First Offshore Licensing Round","author":"","date":"May 18, 2020","format":false,"excerpt":"The Ministry of Petroleum and Mineral Resources of the Federal Republic of Somalia announces the launching of Somalia\u2019s first offshore licensing round. Due to the spread of the global pandemic, COVID \u2013 19, and resulting restrictions, the Ministry decided to launch the licensing round virtually. The 2020 Somali licensing round\u2026","rel":"","context":"In "Eastern Africa"","block_context":{"text":"Eastern Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/eastern-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/02\/somalia-seismic.jpg?fit=654%2C422&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/02\/somalia-seismic.jpg?fit=654%2C422&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/02\/somalia-seismic.jpg?fit=654%2C422&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":7070,"url":"https:\/\/www.oilnewskenya.com\/index.php\/somalia-implement-oil-mining-framework\/","url_meta":{"origin":7879,"position":1},"title":"Somalia to Implement Oil, Mining Framework","author":"","date":"June 18, 2018","format":false,"excerpt":"The Ministry of Petroleum and Mineral Resources of the Federal Republic of Somalia has drafted regulations to manage the country\u2019s petroleum and mineral resources sectors, especially in regard to ownership and revenue sharing. The agreement was made by the federal government and the federal member states of the National Security\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/06\/Somalia-oil-and-gas.jpg?fit=900%2C603&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/06\/Somalia-oil-and-gas.jpg?fit=900%2C603&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/06\/Somalia-oil-and-gas.jpg?fit=900%2C603&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/06\/Somalia-oil-and-gas.jpg?fit=900%2C603&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":11880,"url":"https:\/\/www.oilnewskenya.com\/index.php\/somalia-coastline-exploration-signs-seven-production-sharing-agreements\/","url_meta":{"origin":7879,"position":2},"title":"SOMALIA: Coastline Exploration Signs Seven PSA’s Amid Rejection from President and PM","author":"","date":"February 21, 2022","format":false,"excerpt":"Coastline Exploration has signed seven Production Sharing Agreements (PSAs) covering offshore, deep-water blocks of the Federal Republic of\u00a0Somalia. These PSAs enable Coastline to proceed with plans to explore for oil and gas on the many prospects and leads identified in these offshore blocks. The announcement was confirmed by Somalia's Minister\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/02\/Somalia-licensing-round.png?fit=601%2C390&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/02\/Somalia-licensing-round.png?fit=601%2C390&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/02\/Somalia-licensing-round.png?fit=601%2C390&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":12587,"url":"https:\/\/www.oilnewskenya.com\/index.php\/somalia-new-minister-for-petroleum-mineral-resources-takes-office\/","url_meta":{"origin":7879,"position":3},"title":"SOMALIA: New Minister for Petroleum & Mineral Resources Takes Office","author":"","date":"August 23, 2022","format":false,"excerpt":"The minister of petrol and mining of the Federal Government of Somalia has taken over his position. The deputy prime minister of the Federal Government of Somalia Mr. Salah Jaamac has handed over the new minister Abdirisaaq Omar Maxamed and the former minister of the ministry Mr. Abdirashid Maxamed Ahmed.\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/08\/Somalia-Ministry.jpg?fit=960%2C640&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/08\/Somalia-Ministry.jpg?fit=960%2C640&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/08\/Somalia-Ministry.jpg?fit=960%2C640&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/08\/Somalia-Ministry.jpg?fit=960%2C640&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":7572,"url":"https:\/\/www.oilnewskenya.com\/index.php\/kenya-somalia-clash-over-alleged-somalia-licensing-round-in-london\/","url_meta":{"origin":7879,"position":4},"title":"Kenya – Somalia Clash Over Alleged Somalia Licensing Round in London","author":"","date":"February 18, 2019","format":false,"excerpt":"A rift has emerged between Kenya and Somalia over an alleged licensing round by the horn of Africa country in which Nairobi accuses its neighbor of licensing some contentious blocks in the Indian Ocean. According to Kenya the London auction that took place on the 7th February 2019 and which\u2026","rel":"","context":"In "Oil Politics"","block_context":{"text":"Oil Politics","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/oil-politics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/Kenya-Somali-Dispute.png?fit=700%2C394&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/Kenya-Somali-Dispute.png?fit=700%2C394&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/Kenya-Somali-Dispute.png?fit=700%2C394&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/Kenya-Somali-Dispute.png?fit=700%2C394&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":6503,"url":"https:\/\/www.oilnewskenya.com\/index.php\/somalia-petroleum-ministry-denies-links-oil-gas-summit-set-march-nairobi\/","url_meta":{"origin":7879,"position":5},"title":"Somalia Petroleum Ministry Denies Links To Oil Gas Summit Set for March in Nairobi","author":"","date":"November 8, 2017","format":false,"excerpt":"The Somalia Ministry of Petroleum and Mineral Resources has denied it has endorsed the Somalia Oil, Gas & Mining 2018 Summit which is planned to be held in Nairobi in March 2018 with the intention of boosting the long term development of the Oil, Gas and Mining sectors according to\u2026","rel":"","context":"In "Events"","block_context":{"text":"Events","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/events\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/11\/Somalia-Oil-Gas-Mining-Summit-2018.jpg?fit=524%2C274&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/7879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=7879"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/7879\/revisions"}],"predecessor-version":[{"id":7880,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/7879\/revisions\/7880"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/7574"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=7879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=7879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=7879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}