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.
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British involvement in the future Somali oil industry would be a boon for the UK economy and comes at a time when the world is increasingly concerned about the actions of Iran, the second-biggest oil producer in Opec
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Hashi, in charge of brokering deals for the region's oil reserves, also said Somalia was looking to BP as the partner they wanted to "help us explore and build our oil capacity". He added: "We need those with the necessary technical knowhow, we plan to talk to BP at the right time."
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The state-owned China National Offshore Oil Corporation has tried to acquire an interest in Somalia's reserves. Senior officials from the Somali transitional government are adamant that the imminent extraction of oil in Puntland next month would kickstart a scramble from the multinationals.
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Somali prime minister Abdiweli Mohamed Ali said his government had little choice but to entice western companies to Somalia by offering a slice of the country's natural resources, which include oil, gas and large reserves of uranium. "The only way we can pay [western companies] is to pay them in kind, we can pay with natural resources at the fair market value."
http://www.guardian.co.uk/world/2012/fe ... sh-somalia
Why has Allah blessed darood with oil? poetic justice for 91 Xamar eviction? Allahuakabr 
