Somalia Reports US Interest in Oil

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Somalia’s petroleum minister, Dahir Mohamed, said international energy firms, including companies from the United States, have shown increased interest in the country’s offshore oil prospects as Mogadishu prepares to release new exploration results. He noted that U.S. independents such as Coastline Exploration and Liberty Petroleum are operating under existing agreements, alongside Turkish-led surveys. The minister also warned against unlicensed mineral extraction, saying the government will enforce regulations as it seeks to attract more regulated investment.