Somaliland: Government and Genel Arranging a Back to Operations Deal


By: Yusuf M Hasan

LONDON (Somalilandsun) – The current temporary halt in operations is an opportunity to take stock of the necessary steps to ensure planning comes into line with implementations that guarantee the partnership between Genel Energy and the government of Somaliland thence a sustainable future in oil prospecting and extraction.

This is per the initial outcomes of ongoing discussions between officials of Genel Energy and a Somaliland delegation composed of Foreign minister Mohamed Behi Yonis and energy Minister Eng Hussein Abdi Duale in London meant to iron out problems encountered by the Anglo-Turkish company thence precipitated withdrawal from the country earlier thus week.

According to the energy minister “Genel is not leaving Somaliland where significant work has been accomplished in the development of the oil industry through close cooperation with government and people of Somaliland for past 14 months”

A senior Genel official taking part in the London discussions said “We shall continue to work in Somaliland in order to fulfill our shared aims, that of making the country’s oil reserves the backbone of the national economy thus enabling the country to develop and its people to become self sufficient.

The Anglo-Turkish company that has so far invested almost $100m in oil surveys that have proved the existence of billions in barrels of the black gold ceased operations earlier this week after it pulled-out its international staff citing insecurity in the country that has not seen a terrorist attack in almost eight years.

Discussions are ongoing thus watch this site for updates

With Reporting by Mohamed Abdi Duale(afp reporter)