10 Best Places to Invest in Somalia This Decade

[Libaax-Sankataabte]

10 Best Places to Invest in Somalia This Decade

Worst comes to worst, Somalia still stands to gain more in the next year alone than at any other period in its modern history if the talk of oil materializes into production. Already we’ve reported the rising demand for hotel rooms as well as other luxury commodities in key cities like Bosaso, so let’s dig deeper and see where else money will be exchanged in heavy doses and why.

 

 

10. Sinujif – this tiny settlement, south of Garowe some miles, was the site of a Conoco well in the 1980s and may be the sight of the anticipated Nugaal drilling program

 

9. Qardho – it’s the largest town on the Dharoor valley, the site of the historic Shabeel-1 site, and will certainly see a boom if we haven’t already reported one

 

8. Gara’ad – on the coast of Mudug, this tiny pirate hub was the site of possible Chinese wells, and looks to be a major prospect for offshore oil

 

7. Hargeysa – as Somalia’s second biggest city, its business community and markets would certainly feel the positive impact of oil production in neighboring Puntland region

 

6. Karin – this small Oasis town, southwest of Bosaso, will serve as a very promising resort area for the wealthy

 

5. Mogadishu – undoubtedly, as Somalia’s capital and largest city it will gain the most from international attention as peace looms – oil or no oil

 

4. Eyl – recently cleansed of pirates and injected with international donor money for its roads, this town is rumored by some to be an end site for a pipeline in the Nugaal valley

 

3. Iskushuban – this scenic oasis town is the nearest major settlement to the Shabeel-1 well and will likely be made into a major food production area for employees in the growing region

 

2. Garowe – serves as the capital of the new federal state of Puntland, and sits on its own massive oil wealth doubling the Dharoor valley’s estimated reserves

 

1. Bosaso – Puntland’s largest city and main port, and Somalia’s third-largest city and market, Bosaso is already equipped with a still-growing oil storage facility, and will be the end site of the pipeline that serves the Dharoor valley once production begins; the city is already experiencing a massive boom and has taken attention away from Somalia’s other markets in Hargeysa and Mogadishu

 

In the next ten years, Somalia’s future billionaires will be made in these cities, and its future millionaires everywhere else. Getting into key services or real estate investment today is the fastest way to wealth in the nation’s anticipated resource economy.

 

 

DissidentNation.com

[Che -Guevara]

LOL

 

Aw nagadaayeh

[Somalia]

Well, the article speaks for itself, if you want a slice of that black gold, get yourself a reer Bari girl.

[Che -Guevara]

^LOL....what makes you think I am not from Bari:D

[Libaax-Sankataabte]

Che, you plan to make a pilgrimage to Iskushuban to indulge in a wild petroleum bath I hear. :D

 

[Che -Guevara]

LOL....Gheelle.T informed me I have to renew my credentials in order to get piece of the pie. Few odaya reerka are working on it:D

[Somalia]

Che -Guevara;798956 wrote:

^LOL....what makes you think I am not from Bari:D

wut. I need to go back and read some messages.

[Che -Guevara]

LOL....Don't, it will confuse you.

[Libaax-Sankataabte]

Libaax-Sankataabte;798953 wrote:

8. Gara’ad

– on the coast of Mudug, this tiny pirate hub was the site of possible Chinese wells, and looks to be a major prospect for offshore oil

Now, this one surprises me. Let me digg some information on that Mudug deal with the Chinese and the South Koreans just in case the Nugaal and Dharoor prospects turn up empty.

[Libaax-Sankataabte]

China's risky bet in Somalia

By Adam Wolfe

 

The Financial Times reported on July 13 that the Chinese National Offshore Oil Corp (CNOOC) had signed a deal with Somali President Abdullahi Yusuf to explore the northern Puntland region for oil. The initial agreement was signed in May, and it was endorsed at the China-Africa summit held in Beijing last November.

 

Source: http://www.atimes.com/atimes/China_Business/IG24Cb01.html

[Libaax-Sankataabte]

South Korean Energy Explorers Filmed in Garacad, Mudug

Dissidentnation.com

 

In a video we obtained this week, dating back to as far as 2009, several Somali men with guards can be seen with an Asian surveyor, pointing his camera at markings on the ground. The man seen pointing the camera at the markings is said to be a geologist with the South Korean energy company SK Energy, a member of the SK Group ‘Chaebol’, or conglomerate, formerly known as Sukyoung Group.

 

In the 22-second clip, entirely in Somali, the man behind the camera states that the governor [of Mudug region, under the Puntland State authority], in the beige outfit, is informing the geologist about the date of the markings and which group in specific left the markings. The markings, left by drills and later sealed up, are most likely the work of CNOOC, the Chinese National Offshore Oil Company, which entered into an exploration agreement with former Somali transitional president Abdullahi Yusuf in 2007.

 

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[Somalia]

^^ Good video, thanks.

[Abwaan]

Waxani yaab ka badane tolow LST ma shaqo raadis baa?

[Taleexi]

LST: Wuxuu qalqaalsanayaa wasiirka propagandada ee maamul goboleed Puntland. Best to you buddy.

[Faarax-Brawn]

I liked how you threw in Mogadishu & Hargeisa in that crowded PL list

 

One thing is for sure- Somalia wax baa lagu sheegay and the world is smelling it now...I mean, Why would Kenya(which is known never to fight) suddenly wake up its infantry? huh?- And why is Britain all over a sudden care about the "well being of Somalia"? --mmmmm