By: Yusuf M Hasan
HARGEISA (Somalilandsun) – Ansan Wikfs Ltd has become the latest foreign company to acquire an oil exploration and extraction contract.
The Hadramaut based company in Yemen signed the contract at the offices of the ministry of Energy and Minerals in Hargeisa with signature put to pen by the company’s chairperson and Somaliland energy minister Eng Hussein Abdi Duale.
In the contract ANSA WIKFS acquires three oil blocks in Eastern parts of the Hawd areas of Somaliland namely blocks 14 block and block 19 as well part of blocks 7 east.
The Energy Minister upon formalizing the contract informed that the ANSA WIKFS Company had paid a fee of $1m through a check to his ministry and another amount of $800, 000 whose recipient is the ministry of finance.
These funds once legal and other fees are deducted shall be utilized for various development purposes within the areas where the blocks are located” informed Eng Duale who was flanked by various state officials among them livestock minister Abdi Aw Dahir and the chairman of the parliamentary Energy committee MP Saeed
Other foreign companies with oil exploration and extraction contracts from the somaliland government include Genel energy the Anglo-Turkish company fronted by former BP Chief executive Tony Hayward, Jacka Resources of Australia, DNO of Norway and Ophir ltd of South Africa among others.
Keep watching this site for detailed information
Ansan Wikfs Investments Limited (Ansan) is an independent oil and mineral resources holding company engaged in the acquisition, exploration, development and operation of petroleum and mineral properties. The Company was formed in 1991
