Home » Archive Maalinta April 23rd, 2012

Kenya, Somalia border row threatens oil exploration

Apr 23, 2012
A row between Kenya and Somalia over their maritime border may deter multinational oil companies from exploring for oil and gas offshore east Africa, and a Somali official warned that the argument could escalate. The two coastal nations disagree over the location of their boundary line in the Indian Ocean. At stake are their legal claims to sell rights for exploration and collect revenue from any discovery. Kenya...