Somalia’s untapped Oil and new petroleum bill creating further divisions

The President of Somalia, Mohamed Abdullahi Farmajo on Saturday signed into law the controversial petroleum bill, paving the way to extraction and exportation of the end products.

For months now, the law had caused divisions with Somalia, with regional states protesting certain clauses which they deem controversial. Jubaland and Puntland have strongly opposed certain provisions where they termed “draconian” and “unreasonable” after a tussle in both houses.

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