Somalia: Africa Energy Corporation pulls out of Puntland


Issue 304 - 11 Jul 2015 | 1 minute read

Africa Energy Corporation, the former Horn Petroleum, has given notice to the authorities in Puntland that it intends to withdraw from the January 2007 Nugaal and Dharoor production-sharing agreements (PSAs) with immediate effect. Horn suspended its operations in Puntland in February, and relaunched in March with a new name and new corporate strategy.

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