The New Puntland constitution
Article 3
Article 3 states,
Pending the completion of the Federal Constitution approved by a popular referendum, Puntland State shall have the status of an independent State.
Article 48
NATURAL RESOURCES
1. Puntland natural resources belong to Puntland people and can be exploited in conformity
with the Law.
2. The Puntland State is responsible for the protection and exploitations of the natural
resources.
3. The Puntland State may make agreements with national or foreign companies and give
them the exploitation of natural resources
4. The concession shall be approved by the House of Representatives ( of Puntland) and can not last for
more that twenty-five (25) years.





