Tag: Guul group

AFRICA MONEY: Somaliland hopes oil will replace goat dependence

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By Ed Stoddard

CAPE TOWN (Reuters) – Wanted: investors for small African nation with good oil and mineral potential – 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 to kick off there shows that oil talks, regardless of political status.

For Somaliland, an internationally unrecognised state of 3.5 million people that declared independence from Somalia in 1991, it promises to be a game changer. read more

Somaliland: open for business

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The self-declared independent state in the north-west corner of conflict-ridden Somalia has been an oasis of calm, and it is now seeking foreign investment. 

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Amid the war-ravaged landscape of Somalia, the self-declared independent state of Somaliland has carved out a reputation for relative calm.

Last week’s London conference on Somalia made a nod to Somaliland, formerly a British protectorate, and the semi-autonomous region of Puntland. Without naming them, the final communique “welcomed the success in some areas of Somalia in establishing local areas of stability, and agreed to increase support to build legitimate and peaceful authorities, and improve services to people living in these areas”. read more

Somaliland attends Africa Oil Week conference 2012

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Somaliland Attends Africa Oil Week Conference
Sunday, 28 October 2012 07:50

“Am attending the oil conference after South Africa extended an official invitation to the government our government” Energy minister.

BERBERA (Somalilandsun) – The government is for the first time participating in the Africa Oil Week conference
During the 19th Africa Oil Week conference that starts in Cape Town, South Africa on October 31 – November 2, 2012 the Minister of Minerals, Energy & Water-MME&W Eng Hussein Abdi Duale will have an opportunity to rub shoulders with Africa and the world’s high and mighty energy players.
Eng Hussein who is to deliver a speech that pertains to national activities pertaining to the energy sector is also expected to accumulate lots of relevant contacts thus a possibility of increased multinationals exploring and drilling for oil in the country known to posses yet to be tapped high quantities of the commodity.
The various heads of state, multinational oil and gas companies and other interested parties will discuss such topics as ‘The Scramble for Africa’ and ‘Africa’s Oil and Gas Future in general while ‘The key focus include:
• Leading Corporate Players In Africa
• African Governments & State Oil Companies
• Foreign National Oil Companies In Africa
Africa s Frontier Exploration Potential
• Leading Independents In Africa
• Africa s Acreage, Bid Rounds & Exploration Potential
• Corporate Oil & Gas Players Across Africa
• Independents In Africa: New Players & Vistas
• Corporate Strategies For African E&P
• African Opportunities: Acreage & Potential read more

Growing with Guul Group

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Guul Group

Somaliland is a region in Somalia that has asserted its status as a sovereign nation, although its status is not formally endorsed nor recognised internationally.  It is still viewed as an autonomous, self-governing region within the country that it belongs to.  It has taken its share of the turmoil and chaos that prevailed during the Somali Civil War, but presently it has not been much affected by the war between the Islamic insurgency and the Somali Transitional Government that is now ravaging the western part of the country.  However, it is now facing the threat of a breakaway state within it, resulting in recent violence.  Nevertheless, the region has been known for the self-assertive spirit that has defined its people and culture.  For this reason, Guul Group has embodied the independent aspirations of the region that it represents. read more