U.K. in Talks With Somalia’s Puntland About Oil, Observer Says

Officials from the U.K. and Somalia’s Puntland region are in talks about oil reserves in the north eastern part of the African country, the Observer reported, citing an interview with Abdulkadir Abdi Hashi, minister for international cooperation in the state of Puntland.

U.K. officials will help Somalia “maximize future earnings” from oil, Abdi Hashi was reported to have said. Puntland is expected to produce its first oil next month, according to the report.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE