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
The official invitation from South Africa and subsequent participation of Somaliland in the 19th Africa Oil week is a clear indication that the world is keenly following recent activities undertaken by the government pursuant to contracting multinationals for oil exploration
While speaking to the press at the Berbera international airport before departure for Cape town the Energy minister said that the untapped oil reserves in the country and ongoing operations by three oil companies has attracted a lot of interest worldwide which the government intends to take advantage of as a prelude to availing central coffers revenues and livelihood opportunities to citizens
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.
The Guul Group is a corporation that has a sizeable portfolio and is operating across many business platforms. Its extensive range of businesses includes transportation and logistics, energy, agriculture, fishery, telecommunications, and consultancy services. It has striven to establish and bolster trade within Somaliland and the rest of the Horn of Africa.
The company will stand to earn from the recent push that the region has made in attracting global investors. The regional government has started to open up to investment opportunities and has begun to offer incentives and perks to firms and business entities who would like to do their business there. Somaliland has already attracted the interest of Britain; the country’s Department for International Development (DID) has pledged to allocate around 63 million pounds yearly for the gradual rebuilding of Somalia and has declared its intention of making Somaliland the focus of the development efforts.
Before, the region, just like the rest of Somalia, is built on an agricultural and subsistence economy and it is dependent on trade that it conducts with the rest of Somalia and the Horn of Africa. It still relies on agriculture to fuel its economy and the Guul Group’s agriculture section will no doubt be one of the spearheads in developing this sector. Chronic water shortages have resulted in the famines that have plagued Somalia in recent years, and the Guul Group’s water section will work towards putting up reliable water delivery services and networks not only in Somaliland but for the rest of Somalia and the Horn of Africa. The tourism arm of Guul Group is primed to take advantage of the great opportunities that is evident in the region. Indeed, there is much to be found in Somaliland and outsiders will very well discover the rich cultural heritage that it has and its relative state of security, a far contrast to the dangers that are inherent in travelling throughout the rest of Somalia.
International investors who are aiming to do business in Somaliland and the Horn of Africa would do well working with the Guul Group. The company is fully primed to invest and create in the region’s growing economy and it will contribute to the eventual growth of the region.
Guul Group provides consultancy services on project and event management, marketing, branding, strategic private sector development, research and data collection. GG works with businesses, governments and NGOs. Other services offered include translation, strategic alliance/partner development, market access, sponsorship development, change management, business/organisational development and public relations.