Pride aside, the financial ramifications of the border demarcation is clearly of importance as well. Whilst the exact amount of hydrocarbon reserves in the 23,000 square miles of water remains unknown, some reports have estimated that, when combined with its reported onshore reserves, Somalia could have as much as 110 billion barrels of oil. With regard to offshore gas, in total the East African region is believed to have 440 trillion cubic feet of recoverable reserves. Clearly any slight ‘cheat of hand’ with regard to the Somali boundaries with Kenya could spell billions of dollars in lost revenue for the fledgling government in Mogadishu.
Posted on: Mon, 05 Aug 2013 07:40:20 +0000
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