Somalia's Oil potential

[Ganjaweed]

According to this it doesn't exist, meaning there aren't any oil reserves in somalia?

http://en.wikipedia.org/wiki/Oil_reserves

[galia2]

It does exist, its the world best kept secret

[BaasAbuur]

Everything suggests there is oil and natural gas in Somalia.

[Oxidant]

There is Oil in Somalia. I don't think any foreign group is willing to fully invest in a country without a central government, hence why no announcement of major reserves

[Ganjaweed]

Everything suggests there is oil and natural gas in Somalia.

What do you mean? I have'nt seen anything whatsoever that suggests somalia has any oil. Minerals perhaps, but not oil, unless you have info that suggests otherwise?

There is Oil in Somalia. I don't think any foreign group is willing to fully invest in a country without a central government, hence why no announcement of major reserves

The political situation iin somalia has no connection with it having any oil. I'm not talking about government investigations, I'm talking about foreign estimates.

[James Dahl]

There are no PROVEN oil reserves in Somalia, in other words there may be oodles of it, there may be none, and the only way to find out which is to do oil exploration.

[Samatr]

Finding oil in Somalia will just complicate things, instead of fighting over grazing land and water wells, oil will be the new thing to fight over.

[dawwa9]

Stupid Somalis missed the oil boom,

The next decade will all be about renewables

[galia2]

There tons of offshore oil in Hobyo, my clans gonna be rich

[Ganjaweed]

Stupid Somalis missed the oil boom,

The next decade will all be about renewables

Waxaas ayaan aniguna ka baqaneyaa.

Finding oil in Somalia will just complicate things, instead of fighting over grazing land and water wells, oil will be the new thing to fight over.

I meant if there is ever peace in somalia. Obviously if oil was ever found in somalia, it would just be another nigeria or even worse.

[Ganjaweed]

There are no PROVEN oil reserves in Somalia, in other words there may be oodles of it, there may be none, and the only way to find out which is to do oil exploration.

I have a feeling there isn't gonna be any oil to be found. I think all the oil in that region is in the arabian peninsula. There is no oil in eritrea or ethiopia (except tiny amount in ogaden).

[dawwa9]

There are no PROVEN oil reserves in Somalia, in other words there may be oodles of it, there may be none, and the only way to find out which is to do oil exploration.

I have a feeling there isn't gonna be any oil to be found. I think all the oil in that region is in the arabian peninsula. There is no oil in eritrea or ethiopia (except tiny amount in ogaden).

Somalia has been moving around quite alot the last couple of millions of years

Theres definitely a lot of oil there, especially in Puntland and other eastern regions, but honestly it is waaaay to late for them to make any real money out of it.

They should have started in the 1980's

[galia2]

I think that their is tons of oil, especially around the Mudug/Galgaduud region
The population of somalia is like only 9 million while Nigeria is like 160 million. If we get oil, walahi we would all be rich and there would be enough dollars to pass around

[snoop12]

trust me i know this kind of stuff, and i can assure you guys that Somalia both has oil and it can benefit more than the yesteryears.

oil is becoming a rare commodity, and this will encourage competition and higher bits, better income

[Ganjaweed]

trust me i know this kind of stuff, and i can assure you guys that Somalia both has oil and it can benefit more than the yesteryears.

oil is becoming a rare commodity, and this will encourage competition and higher bits, better income

Well, if there is or if there isn't, we need a strong stable government either way. Since we seem to be signing away our "off-shore reserves" because of the greed and short-sightedness of these petty TFG "ministers".



Benevalent Dictatorship all the way

Somalia has been moving around quite alot the last couple of millions of years

Theres definitely a lot of oil there, especially in Puntland and other eastern regions, but honestly it is waaaay to late for them to make any real money out of it.

They should have started in the 1980's

I don't mean any guess work, I'm talking about any strong possibility whether somalia has oil potential (and I mean huge oil potential e.g. UAE, not like gypsy yemen) or not backed up by serious and credible research. However, I know that with somalias current predicament, no-one will bother for now. I just wanted to know if there was any technology that can give an estimate without actually having to drill anything?