Oil exploration in Puntland, an autonomous region in northeastern Somalia, began in the mid-2000s as a series of negotiations between the provincial administration and foreign oil companies. By 2012, exploratory wells established in the area yielded the first signs of crude oil.
Read more about Oil Exploration In Puntland: Overview, 2005 Puntland-Range Resources Agreement, Puntland Product Sharing Agreement, Yields
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