ConocoPhillips lease for a Mogadishu oil block is still viable and the company intends to farm it and explore oil and gas.
According to Hussein Ali Ahmed, managing director of the state-owned Somalia Petroleum, CorpConocoPhillips was contacted by the Somali government and confirmed it would kick start oil exploration in Somalia.
While at the present the company isn’t exploring in Somalia, ConocoPhillips confirmed that it has not relinquished its interests in the war torn country.
ConocoPhillips is one of the companies that operated inSomalia before its Mogdishu government was toppled more than two decades ago.
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