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Obscured Oil Contracts and Benefits in Somaliland . By Eng. Mustafe Haji Farah Warsame.

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Sunday February 01, 2015 - 04:58:29 in English News by Editor Caynaba News
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    Obscured Oil Contracts and Benefits in Somaliland . By Eng. Mustafe Haji Farah Warsame.

    Beginning with the birth of current administration of Somaliland led by H.E president Ahmed Mohamed Mahamoud and his Kulmiye party, there has been

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Beginning with the birth of current administration of Somaliland led by H.E president Ahmed Mohamed Mahamoud and his Kulmiye party, there has been

 agreements of oil production sharing between the government and companies like DNO   of Norway, Vancouver-based Horn Petroleum Corp, RakGas of the United Arab Emarates, Genel Energy Anglo-Turkish Company and etc.

There has been unrevealed bid contracts made by Genel Energy with help of line Ministry of Mining Resources and Energy of Somaliland headed by Minister Dualle a Somaliland American Citizen. These contracts has not managed properly and not exhibited to Somalilanders but all these deals has fully dominated a special team which share same interest and fraternity.

 

Although Genel Energy argues "supporting and sustaining the communities which they operate is their fundamental of success- working to ensure local communities understand and collaborate in the development of infrastructure that can have both support of their operation and add value to the surrounding area”. Also Genel states emphasizing the land issues and settlements that they are committed to make compensation payments to the people working with the line ministries by understanding other issues related to sustainability which naturally of community interest-in particular, potential, health safety, security and environmental (HSSE) impact on communities.

But so far, we have not seen any investment on the ground implemented by Genel Energy in Somaliland, and it is told that the contracts has been misled by Genel Energy operators in Somaliland and not applied on the ground.

Even though we heard a millions of US Dollars of investment we saw nothing at site instead of progressive step toward the development of health, animals, infrastructures and other units of social life promotion but eventually became an ended smoke.

This company lost the trust among the communities of Saraar region and other areas and the deployment of newly stablished Somaliland Oil Protection Unit may deteriorate the stability existing in these areas and may cause a conflicts as a result of force implementation.

Global feedback of Oil Companies in Somaliland .

 

Although I would like not to print out this topic in detail regarding the Somaliland sovereignty and the right to manage its raw materials and unearth its oil underground reservoirs but the legality of these companies and licenses has been challenged by UN-monitoring group and it is highly Worried somaliland Oil search.

 

Genel and its executive directors background.

The general executive director or the Genel’s president Mr Tony Hayward resigned from BP the second European largest oil company in 2010 after a Gulf of Mexico oil disaster.

 

To be continued next week analysing the impacts, risks and results of oil production in the third world.

 

By: Eng Mustafe Haji Farah Warsame




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