Somalia's oil (and natural gas reserves if we include Somali Galbeed) put us in the top 5 easily. We also have 25% or so of the world's uranium, the highest % of its gypsum and other resources. Between October 2014 and September 2019, Somalia crude oil reserves remained stable at around 0 thousand barrels per day. Proved reserves of crude oil as of January 1 of the report year are the estimated quantities of all liquids defined as crude oil, which geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from reservoirs under existing Somalia: The Next Oil Superpower? With excellent access to shipping lanes and supposedly massive untapped wealth (perhaps as much as 110 billion barrels) it is no surprise that multinational oil Seismic surveys conducted by two British companies, Soma Oil & Gas and Spectrum Geo, suggest that Somalia has promising oil reserves along the Indian Ocean coast, between the cities of Garad and Somalia : 36 records since 1980 , the average of these recordings : 0 Billion - Barrels The highest data : 2015 is the highest year for the indicator : Proved reserves of crude oil (Billion - Barrels). The result is: 0 Billion - Barrels. The lowest data : 2015 is the lowest year for the indicator : Proved reserves of crude oil (Billion - Barrels).
Somalia is reported to hold large, untapped reserves of numerous natural resources such as iron ore, uranium, copper, tin, bauxite, gypsum, salt, and natural gas. Its proximity to countries such as Yemen and Saudi Arabia makes it a potential reserve of oil. NOTE: 1) The information regarding Somalia on this page is re-published from the 2019 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Somalia Energy 2019 information contained here. All suggestions for corrections of any errors about Somalia Energy 2019 should be addressed to the CIA. Somalia : 36 records since 1980 , the average of these recordings : 0 Billion - Barrels The highest data : 2015 is the highest year for the indicator : Proved reserves of crude oil (Billion - Barrels). The result is: 0 Billion - Barrels. The lowest data : 2015 is the lowest year for the indicator : Proved reserves of crude oil (Billion - Barrels). Somalia oil reserves. Cooking oil containers. Benefit of almond oil. Somalia Oil Reserves oil reserves Oil reserves are the quantities of crude oil estimated to be commercially recoverable by application of development projects to known accumulations from a given date forward under defined conditions. To qualify as a reserve, they must be discovered, commercially recoverable,…
2 Jun 2011 Natural Gas Reserves, 5,663,000,000, Cubic Meters (cu m), 90, 2010, CIA World Factbook. Oil Reserves, 0, Barrels (bbl), 119, 2010, CIA World 21 Sep 2016 Fossil fuel deposits off the shores of Kenya and Somalia have only from maritime areas, though estimates of the size of the reserves vary 12 Jan 2007 estimated 1 billion barrels of Yemeni oil reserves were part of a great underground rift, or valley, that arced into and across northern Somalia.
2 Jun 2011 Natural Gas Reserves, 5,663,000,000, Cubic Meters (cu m), 90, 2010, CIA World Factbook. Oil Reserves, 0, Barrels (bbl), 119, 2010, CIA World
15 Jan 2015 Last month, Soma Oil and Gas, a London based energy company, searching for hydrocarbon deposits off the coast of Somalia, announced that 10 Jan 2020 A licensing round for the oil-rich offshore blocks was originally and has known to contain commercially viable oil reserves since the early 90s. 15 Mar 2019 But oil companies will be wary of making substantial investments in a country Basin in the south-have oil potential in their early cretaceous deposits. The company estimates the areas combined could be home to 30bn 13 Jan 2020 Somalia's Upper House has voted to approve the Petroleum Law, regarding the oil and gas reserves in the Kurdistan region have been the 14 Jul 2019 to develop the vast petroleum reserves believed to lie off the troubled country's coast. Somalia's new petroleum law, passed by the federal parliament the country's extensive natural resources—estimated at as much as