SOMALIA'S NATURAL RESOURCES

SUGE_KNIGHT · Post by **SUGE_KNIGHT** » Fri Jun 30, 2006 1:39 am

Natural gas - proved reserves: 5.663 billion cu m (JAN 2002)

Natural gas - production: 0 cu m (2003 est.)

more gas than uk (4.5 billion bbl 31 December 2004)

uranium and largely unexploited reserves of iron ore, tin, gypsum, bauxite, copper, salt, natural gas, likely oil reserves

with all these resources i think somalia could become a economic power in africa specialy when think how many somalis have been educated abroad and speak many different langueges.

how many business oppertunities do you think there will be once there is peace?

somalia

source: CIA world factbook 2006

Steeler [Crawler2] · Post by **Steeler [Crawler2]** » Fri Jun 30, 2006 3:14 am

Oil reserves are located off the coast of Puntland, in the Gulf of Aden. It is commercially exploitable, but good estimates of oil reserves are not clear.

Uranium deposits are located at Bur Hakaba.

Gas reserves are located in Bakool, close to the Ethiopian border.

To exploit these resources, however, will take foreign investment, which means political stability. Somalia does not have the technical expertise to exploit the reserves on their own.

SUGE_KNIGHT · Post by **SUGE_KNIGHT** » Fri Jun 30, 2006 3:29 am

i think we should work with the chinese there economy is in need of resources and they will become world super power of this century.

the west put too many conditions on their foreign investments.

Steeler [Crawler2] · Post by **Steeler [Crawler2]** » Fri Jun 30, 2006 3:40 am

If you are smart, you will use open bidding to get the best deal possible through competition. The Chinese will compete. No doubt about that. But each case will be different. But, long before bidding starts, Somalia has to get its security situation under control and make the place attractive for foreign investment. No one is going to dump 50 million in infrastructure only to lose it all to another round of fighting.