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Somali Petroleum Authority Response to Media Speculation

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Response to Media Speculation 22 April 2022 Mogadishu, Somalia: The Somalia Petroleum Authority (“SPA”) notes the article published by Voice of America on 19 April and issues the following response. The analysis published in the article was entirely inaccurate and based on an early draft of the Production Sharing Agreement (PSA), which is no longer …

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SPA was established in July 2020 following the Presidential ratification of the Petroleum Law on 8 February 2020.

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The Somali Petroleum Authority (SPA) was established to ensure a transparent and robust regulatory framework for external investors to explore petroleum potential whilst ensuring Somalia has maximum benefit.

In line with our core principle of transparency, we will post on Twitter relevant information and welcome questions. So please follow our Twitter account at @SPASomAuthority to be part of the discussion.