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Somalia to launch first offshore oil license round in 2017

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Somalia will launch its first hydrocarbon licensing round early next year targeting offshore blocks, a government official said on Tuesday.

Jamal Kassim Mursal the permanent secretary at the ministry of petroleum and mineral resources said that Shallow water block concessions signed in 1988 by Shell and ExxonMobil are excluded from the new bid round, Reuters reports.

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Source – CCTV

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