Geopolitik Energi

April 25, 2007

OIL HOPES HINGE ON NORTH SOMALIA

Ethiopian contracts

Although new petroleum legislation was passed in 1984, it took Ethiopia until 1989 to award the first licences to foreign companies. Last year, the Mengistu government awarded two permits in the Ogaden province to US companies Maxus Energy and Hunt Oil. Maxus acquired a 110 800-square km area close to the northern Somali border, comprising four adjacent blocks, while Hunt signed up for a 44 000-square km area in the southern Ogaden, abutting Kenya and Somalia.

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