Somalia ratifies petroleum law 1 Oil & Gas 

Somalia ratifies petroleum law

  Somalian President Mohamed Abdullahi Farmajo  had ratified the country’s first petroleum law in the modern era in Mogadishu last Saturday. The legislative process, having earlier been approved by the upper and lower houses of the federal parliament, is now complete. “The petroleum law demonstrates the capacity of the Somalian people to unite in an historic effort to work together to build an equitable, prosperous and peaceful nation. In supporting this law, our democratic institutions have renewed their commitment to work for all Somalis and advance the cause of continued… Read More Here
DRC Seeks To Seize 2 Oil Licenses From Israeli Billionaire 2 Mining in DRC Oil & Gas 

DRC Seeks To Seize 2 Oil Licenses From Israeli Billionaire

The Democratic Republic of Congo is considering taking over two oil licenses from an Israeli billionaire who is under U.S. sanctions for corrupt deals, and sell the exploration blocks to another operator, Bloomberg reports, quoting people familiar with the talks. Israeli businessman and billionaire Dan Gertler, whose companies hold the licenses for exploring for oil on two blocks in Congo close to the border with Uganda, was sanctioned by the U.S. Treasury in December 2017. Gertler “has amassed his fortune through hundreds of millions of dollars’ worth of opaque and… Read More Here

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