{"id":16072,"date":"2012-11-01T20:25:03","date_gmt":"2012-11-01T18:25:03","guid":{"rendered":"http:\/\/www.myza.co.za\/11\/africa-money-somaliland-hopes-oil-will-replace-goat-dependence\/"},"modified":"2012-11-01T20:25:03","modified_gmt":"2012-11-01T18:25:03","slug":"africa-money-somaliland-hopes-oil-will-replace-goat-dependence","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/africa-money-somaliland-hopes-oil-will-replace-goat-dependence\/","title":{"rendered":"AFRICA MONEY-Somaliland hopes oil will replace goat dependence"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>By Ed Stoddard<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">CAPE TOWN<\/span> Nov 1 (Reuters) &#8211; Wanted: investors for small<br \/>\nAfrican nation with good oil and mineral potential &#8211; no seat at<br \/>\nthe United Nations but history of  independence in rough<br \/>\nneighborhood.<\/p>\n<p><span><\/span><\/p>\n<p>The break-away nation of Somaliland is a tough sell but the<br \/>\nannouncement this week that serious hydrocarbon exploration is<br \/>\nabout to kick off there shows that oil talks, regardless of<br \/>\npolitical status.<\/p>\n<p><span><\/span><\/p>\n<p>For Somaliland, an internationally unrecognised state of 3.5<br \/>\nmillion people that declared independence from Somalia in 1991,<br \/>\nit promises to be a game changer.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We need to find a way to earn hard currency besides selling<br \/>\ngoats, sheep and camels to Arabs. This is the only way we earn<br \/>\nhard currency now,&#8221; Hussein Abdi Dualeh, the minister of energy<br \/>\nand mining, told Reuters on the sidelines of an African oil<br \/>\nconference in South Africa organised by Global Pacific<br \/>\nPartners.<\/p>\n<p><span><\/span><\/p>\n<p>Ophir Energy Plc, Australia-based Jacka Resources<br \/>\n and Genel Energy, which is headed by former BP<br \/>\n chief executive Tony Hayward, are all about to start<br \/>\nexploration in Somaliland.<\/p>\n<p><span><\/span><\/p>\n<p>Dualeh said the investments would be worth tens of millions<br \/>\nof dollars, small change in the global oil industry but a<br \/>\nwindfall to a government that only has a budget of $120 million.<\/p>\n<p><span><\/span><\/p>\n<p>Gas discoveries off Mozambique and Tanzania and oil finds in<br \/>\nUganda and Kenya have sparked a hydrocarbon scramble into<br \/>\npreviously unexplored parts of Africa.<\/p>\n<p><span><\/span><\/p>\n<p>Oil companies often go where other investors fear to tread,<br \/>\nincluding other unrecognized statelets such as Kurdistan.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Ed Stoddard CAPE TOWN Nov 1 (Reuters) &#8211; Wanted: investors for small African nation with good oil and mineral potential &#8211; no seat at the United Nations but history of independence in rough neighborhood. The break-away nation of Somaliland is a tough sell but the announcement this week that serious hydrocarbon exploration is about [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-16072","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=16072"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16072\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=16072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=16072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=16072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}