Somalia’s Punt land has selected British Petroleum as its choice of strategic partner in drilling and refining its huge oil deposits after oil discovery in the northern region of Somalia.
Intelligence shows that Britain is involved in a secret high-stakes deal for oil in Somalia and it is doing all it can to secure decades of oil deals with Somalia.
The British government is offering humanitarian aid and security assistance to the Somalia and in return Somalia to give them a stake in their energy industry.
Intelligence News has found out that secret talks are going on between British officials and Somali political and economic class over exploiting oil reserves in the northeastern region, the Puntland.
It is on record that Puntland Minister for International Cooperation Abdulkadir Abdi Hashi has approached BP as a partner after intense lobbying by the British government players.
Africa Oil began the first drilling in Somalia and found oil reserves in Puntland.
Africa Oil estimates Puntland alone has reserves of up to 4 billion barrels valued at $500 billion in its two drilling blocks alone.
Oil discoveries in Somalia has led to a new scramble for Somalia, a lawless and war torn horn of Africa nation where education, health system, and judiciary are not in existence.
Oil found in Somalia has led to a new power game where British government is doing economic espionage on Somalia and its neighbors with hope of edging out these neighbors out of the lucrative oil deals and rewards the oil will bring.
This is panacea for conflict, and the West is well known for that,;spurring and helping maintain conflicts as they mine the wealth and huge deposits to their benefit, a security and intelligence analyst pointed out.
