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Somalia stresses transparency as it launches bid round

Somalia launched an offshore licensing round on 7 February, offering 15 blocks in the Indian Ocean off the coast of Galmudug, Hirshabelle, South West and Jubaland states. Its promoters hope that similar geological structures to those harbouring gas offshore Mozambique, Tanzania and Kenya are oil-bearing offshore Somalia. The event, which was live-streamed by Somali TV, aimed to underline to Somalis back home and in the diaspora the government’s commitment to transparency in exploring its oil and gas potential.

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