InfoAnda - Fight over oil revenues would harm Somalia peace prospects |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Microsoft to announce "Pink" phone next week | 6 April 2010
Google bars data from Facebook as rivalry heats up | | 6 November 2010
Web-based mystery romance lures indie producer | 4 February 2010

Asian markets rebound as Dubai debt fears recede | 30 November 2009

Forum Views () Forum Replies ()

Read more with google mobile : Fight over oil revenues would harm Somalia peace prospects |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Frederick Kempe Christopher Papagianis Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Full Focus Photos of the week Our best photos from the past week. See more Top images of April Follow Reuters Facebook Twitter RSS YouTube Read "Battleship" bomb may hit studio's profits: analysts 20 May 2012 Google's Schmidt challenges: no screen time for 1 hour a day 20 May 2012 Zuckerberg's post-IPO wedding is smart legal move 20 May 2012 REFILE-Zuckerberg's post-IPO wedding is smart legal move 20 May 2012 Putin to dominate new Russian government 20 May 2012 Discussed 163 Iran attack decision nears, Israeli elite locks down 117 Obama presses ailing Europe to focus on growth 102 Americans split on Obama’s gay marriage decision Watched A look at the UK’s most beautiful face Thu, May 10 2012 Mount St. Helens eruption anniversary marked by images of recovery Fri, May 18 2012 Zuckerberg changes status to 'married' Sun, May 20 2012 Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Transgendered beauty Transgendered contestant Jenna Talackova takes part in Miss Universe Canada. Slideshow Inside Facebook A behind the scenes look at Facebook. Slideshow Fight over oil revenues would harm Somalia peace prospects Tweet Share this Email Print Related News REFILE-Row between Somali regions slows oil exploration Fri, May 11 2012 Related Topics World » By Richard Lough MOGADISHU | Mon May 21, 2012 4:02am EDT MOGADISHU (Reuters) - Somalia's embattled central government will not argue with semi-autonomous Puntland over potential oil revenues for fear of scuttling a fragile peace process, but a top official said on Monday the law made clear control lay with Mogadishu. Canadian firm Horn Petroleum, majority-owned by Vancouver-listed Africa Oil Corp., and its exploration partners started drilling in March in Puntland's Dharoor Block but have yet to announce any proven reserves. Africa Oil and joint venture partners Range Resource Ltd. (RRS.AX) and Lion Energy entered into production-sharing agreements for the Dharoor Valley Exploration Area and the Nugaal Valley Exploration Area directly with Puntland, bypassing Mogadishu which is grappling with an Islamist insurgency. "Our policy is to let the oil come first rather than now going to Puntland and making our point," Deputy Minister of Energy Abdullahi Dool told Reuters. "Because of the situation between different regions, we don't want to push anyone to the wall. We don't want to make too many Somaliland situations where regions want to break away," he said in an interview. Dool was referring to the northern breakaway enclave which declared independence in 1991 but is not internationally recognized. "First of all let there be oil. You can't fight when everything is underground," said the minister, whose portfolio also includes water, petroleum and mineral resources. Somalia's interim federal government is tasked with adopting a new constitution by August, aimed in part at redefining the relationship between Mogadishu and the regions and ending a two-decade cycle of violence. The Western-backed government has been fighting al Shabaab militants who still control large swathes of the country and want to impose Sharia law. Puntland has objected to the first draft of the constitution, saying it left too much power with Mogadishu. WHO GETS WHAT? Dool said the country's petroleum law made clear the government should dictate license agreements with foreign investors, while ensuring the regions get a cut. "It has very clear guidelines on the rules on who gets what and what will be the way to resolve (disputes) between central government and (the) regions," he said. "The petroleum law makes it very clear it is the central government who has absolute control but there is a role for ... local government or regions." Muddying the waters further is the fact that Italian oil explorer Eni may still have legal rights to the Dharoor block. Eni was issued a licence by the Somali government in the 1980s to explore Dharoor. It claimed force majeure as the country plunged into chaos, with warlords and then Islamist militants filling the power vacuum. "We abide by every international agreement the governments before us have committed to," said Dool. Dool said the Somali government had not approached the Italian oil giant on the issue as "our first priority is to pacify the country". (Editing by Yara Bayoumy and Jason Neely) World Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Monday, 21 May 2012
Serb rightist wins presidency, backs EU path |
France's Mr. Normal stands out in diplomatic debut |
Explosion near U.N. ceasefire monitor chief's convoy:
Insight: Indonesia tycoon Bakrie gears up for presidential bid |
Russia says West still considering military action on Iran |
Alleged perpetrator of mass beheadings in Mexico arrested |
Missing actor Nick Stahl enters rehab: reports |
Battleship bomb may hit studio's profits: analysts |
Putin to dominate new Russian government |
U.N. nuclear chief begins talks with Iranian officials |
Analysis: China reformer sees his opportunity after Bo's fall |
Blind Chinese activist Chen rests in NYC |
Lockerbie bomber Megrahi dies in Libya leaving unanswered questions |
Fight over oil revenues would harm Somalia peace prospects |
Defiant Australian legislator rejects brothel claims |
At least 10 killed by suicide bomb in Yemen capital |
Militant group claims suicide bombing in Syria |
Two killed in heavy clashes in Beirut |
Alibaba in talks to raise $2.3 billion equity for Yahoo deal: sources |
Pakistan briefly bans Twitter access for blasphemy |
Apple,Samsung CEOs in U.S. court talks over patent row |
Nasdaq to revamp system after tech problems on Facebook IPO: WSJ |
Adele, LMFAO sweep tribute-filled Billboard awards |
Singer Robin Gibb, Bee Gees co-founder, dies at 62 |
After storm, Lisa Marie Presley finds grace in new album |
Canadian transgender beauty contestant wins Miss Congeniality |
Yemen violence worsens as suicide bomber kills 90 |
Two dead in Beirut clashes after killing of anti-Assad cleric |
No sign of breakthrough in U.N. atom chief's Tehran talks |
Arab League to Iran: stop anti-Bahrain campaign |
Merkel to discuss fiscal pact with German parties |
Iraq turns to U.S. drones to protect oil platforms |
Aftershocks rattle Italy, residents sleep outdoors |
Gaddafi ex-spy charged in Mauritania: source |
Facebook sinks as Nasdaq scrambles to square trades |
EU offers Google last chance in antitrust case |
New app identifies faces in photos |
Singer Plan B in Cannes with debut movie Ill Manors |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01