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AbyssiniaLady
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Develop Somali State's Investment Attraction Strategy

Post by AbyssiniaLady » 19 Aug 2022, 20:44

Somali State cannot develop its economy by farming and selling livestock, the regional government of Somali State must strive to attract mining investment (FDI).




The honorable president of the Somali Regional State Mustafa Muhumed Omer shouldn't be wasting time on, The regional government of Somali State needs to take any necessary steps to attract mining investment (FDI), Somali State's mineral resources could pull millions out of poverty and sustainable economic growth.

The region has a great future in mining because it is very big and it is blessed with coveted deposits of iron ore, uranium, gold, copper, tantalum, tungsten, nickel, lithium, platinum, cobalt and dozens of other strategically important raw materials. No time to waste.

AbyssiniaLady
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Re: Develop Somali State's Investment Attraction Strategy

Post by AbyssiniaLady » 20 Aug 2022, 01:06

The geology of Somali Regional State encompasses the varied landscapes that make up the land constituting Greater Somalia and Somalia holds almost half of the world’s most economically extractable strategically important raw material reserves, according to a 41 years old document in the United States Geological Survey Computerized Resource Information Bank (CRIB).

Northwest Somali Regional State Landscape.


They walked thousand of kilometers.


AbyssiniaLady
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Re: Develop Somali State's Investment Attraction Strategy

Post by AbyssiniaLady » 26 Aug 2022, 13:04

Ethiopia receives first gas reserves certificate

Aug 26, 2022





Addis Ababa, August 26, 2022 (FBC) – The Ministry of Mines and Petroleum received the first gas reserves certificate as a study to verify extent of oil and natural gas reserves in Ethiopia completed.

Minister of Mines and Petroleum, Takele Uma received the certificate from the American company Netherland, Sewell & Associates, Inc (NSAI), American based petroleum property analysis and consulting firm that conducted the study.

Speaking at the handover ceremony, Takele said efforts are underway to translate the study into practice. The certificate is an assurance of the availability and commerciality of natural gas and crude oil in Ethiopia, The Minister said.

“This gives us Somalis the leverage to attract reputable companies to work with and develop our their natural gas, Takele added.


https://www.fanabc.com/english/ethiopia ... ertificate
Ethiopia receives certificate
I don't know what that means but I know Somalis have the last word.

AbyssiniaLady
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Re: Develop Somali State's Investment Attraction Strategy

Post by AbyssiniaLady » 30 Aug 2022, 11:26

Somali State President Mustafa Omer briefs EU delegation

Aug 24, 2022




Addis Ababa, August 24, 2022 (FBC) – The President of the Somali Regional State, Mustafa Omer, received the EU delegation in his office and briefed them on the current affairs in the region. The delegation that arrived at Jigjiga is led by the European Union Ambassador to Ethiopia, Ronald Kobia.

The head of administration Mustefe briefed the delegation about the current affairs in the region, particularly the security and humanitarian situation, and asked the EU to play its part in advancing development projects and addressing drought in the region, according to the region’s state government’s communication.

https://www.fanabc.com/english/somali-s ... delegation

AbyssiniaLady
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Re: Develop Somali State's Investment Attraction Strategy

Post by AbyssiniaLady » 01 Sep 2022, 18:12

Somali State President Mustafa Omer discuss with Korea, WFP delegation

Aug 30, 2022






Addis Ababa, August 30, 2022 (FBC) – Mustafe Mohammed Omer, President of the Somali Region State, discussed with a high delegation from South Korea the World Food Programme (WFP).

Mustafe received South Korean parliamentarians and a delegation from the World Food Programme, and discussed the humanitarian situation in the region.

In addition, he gave an explanation to the delegation, led by South Korean parliament member Lee Jae Jung, about the aid being delivered to people affected by drought in the region.

South Korean Parliament Members and officials of the WFP appreciated the regional government’s efforts to provide emergency food assistance to displaced people, and said that it is encouraging.

The delegation insisted that they will play their role in supporting the citizens and work with the Somali regional state government on sustainable development projects, as per the regional government’s communication service.


https://www.fanabc.com/english/somali-s ... delegation


I think President Mustafa Omer is wasting a lot of time on foreign aid/begging, Somali State is not going to be developed by foreign aid, wfp & usaid. It will only be developed by investment and hardworking.

AbyssiniaLady
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Re: Develop Somali State's Investment Attraction Strategy

Post by AbyssiniaLady » 21 Sep 2022, 09:53

Ethiopia Terminates Contract of POLY-GCL


September 21, 2022 Birhanu Abera





Addis Ababa, September 21, 2022 (Walta) – Ethiopia terminates the operation license and contracts of the Chinese Oil exploration company, POLY-GCL.

Ethiopia’s Minister of Mines and Petroleum, Takele Uma, announced the termination of the contract with the company today.

In a letter of ultimatum sent to POLY-GCL Petroleum Group Holding Limited in March 2022, the Ministry issued a list of conditions to be met by the company.

By then, the Ministry warned the company that failure to comply with the ultimatum will result in the “termination of the PPSAs… without a need for further notice.”

“In accordance with the successive notices the Ministry has issued in the past and in full compliance with the PPSAs and the laws of the land, the termination has now been fully effected,” Takele said in post he made on his official twitter account.

“As long as the financing that would enable to develop the oil and gas fields the Ministry is open for mutual and expeditious settlement,” he added.

POLY-GCL has been exploring petroleum and natural gas in the Somali basin since 2013. On June 28, 2018 POLY officially started crude oil production tests in the Hilala oil fields.

The crude oil production test was hailed as important milestone in the history of the oil and gas development in Ethiopia.

Ethiopian Prime Minister Abiy Ahmed announced that 450 barrels would be produced on a trial basis at the time the test production was announced.

Four years later since the announcement of the resumption of the trial production, the ministry issued a warning letter to the company citing its failures to meet the project time table.


https://waltainfo.com/ethiopia-terminat ... f-poly-gcl


It doesn't matter, Somalis have the last word.

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