Somalia to Begin First Oil Drilling

President Hassan Sheikh Mohamud announced Somalia will start its first oil drilling in the coming months, calling it a milestone for national development. Speaking at Parliament’s 7th session, he said the project will assess the quality and volume of reserves and generate jobs and revenue. Seismic surveys indicate significant untapped resources, and foreign firms have signed exploration deals. Analysts stress the need for transparency and equitable sharing to ensure oil wealth supports stability.