Experts-Somalia is sitting on the 7th largest oil reservoir.

[MenaceToSociety]

Meaning that we will b the biggest oil producers in all of Africa...

That's it..haduu dagaalkiii ugu darnaa dhacayaa..I'm packing up and laying claim to my ancestorial tribal lands andd I will call BP to dig my tribal land

[kambuli]

Would this at least unite them

[FarhanYare]

menace sxb show me the source?

[MenaceToSociety]

menace sxb show me the source?

Britain is not the only country looking to develop Somalia's vast natural resources. Last month oil exploration began in Puntland by the Canadian company Africa Oil, the first drilling in Somalia for 21 years. Hashi, who sealed the Africa Oil deal, said the first oil was expected to be extracted within the next "20 to 30 days".

The company estimates there could be up to 4bn barrels (about $500bn worth at today's prices) in its two drilling plots. Other surveys indicate that Puntland province alone has the potential to yield 10bn barrels, placing it among the top 20 countries holding oil. Chinese and US firms are among those understood to have also voiced interest about the potential for oil now that, for the first time in 20 years, the country is safe enough to drill.

Yet it is the extent of oil deposits beneath the Indian Ocean that is most exciting Somali officials. One said the potential was comparable to that of Kuwait, which has more than 100bn barrels of proven oil reserves. If true, the deposits would eclipse Nigeria's reserves – 37.2bn barrels – and make Somalia the seventh largest oil-rich nation.