Intelligence on Somalia oil discoveries prove Somalia has some of Africa’s largest oil reserves buried beneath its sands.
According to Strategic Intelligence News, Somalia’s oil reserves, onshore and offshore, is roughly 110 billion barrels of oil and this might spur more conflict than peace.
Recent oil discoveries in Somalia are turning Somalia into an arena of diplomatic courtships with South Africa the latest player pledging to open an embassy in Mogadishu.
Britain recently opened diplomatic ties with the weak federal government of Somalia after decades of conflict in the militant country.
Oil discoveries in Punt land and the recent deployment of British special air services commandos to provide security and intelligence to exploration and oil rigs construction signals a new scramble for the oil pie.
Oil in Somalia was reported after the February London forum on Somalia with the Somali premier pledging oil for economic development deals with countries offering help.
