Will Chevron Corp return to Somalia?
The Somali government has formerly written to Chevron Corp seeking its consent to return to its Somalia oil fields.
According to Hussein Ali Ahmed, managing director of the state-owned Somalia Petroleum Corp Chevron Corp. hasn’t formerly answered the Somali government’s call to come back.
Somalia has formerly invited several companies including BP to return to their oil farms and kick start exploration.
Chevron Corp’s shares fell in value after poor results and falling global crude prices.
Somalia has started a program to sign 30 oil and gas production-sharing contracts in 2014.
It has started by inviting companies that operated in the country before its government was toppled more than two decades ago.
