Investigative Reports

Financial Turmoil and a New Questionable Venture Cast Shadows over Boodhari Mills’ Future

In our previous coverage, we explored Boodheri Mills, a...

Somaliland Office in Taiwan Rejects Sexual Misconduct Allegations

The Republic of Somaliland Representative Office in Taiwan has...

Ministry of Information Spends 600,000 US Dollars to Fix a Decade Old Radio Station

According to a contract signed by the Minister of Information, Culture...

Taiwan signs the Energy and Mineral Resources Cooperation Agreement with Somaliland

Press Release

The Ministry of Economic Affairs of the Republic of China (Taiwan) completed the signing of the “Agreement between the Government of the Republic of China (Taiwan) and the Government of the Republic of Somaliland on Energy and Mineral Resources Cooperation” on 23rd May 2022. The signing ceremony was held at the Ministry of Energy and Minerals of the Republic of Somaliland, and the Ambassador Allen LOU of the Taiwan Representative office in Somaliland witnessed the signing of the said Agreement by H.E. Abdilahi Farah Abdi, Minister of Energy and Mines of Somaliland.

The signing of the said Agreement aims to lay the legal foundation for the energy and mineral resources cooperation. A joint working group will be formed to promote exchange of information, exploration of drilling, capacity building, trainings, and further investment.

Minister Abdilahi Farah Abdi reaffirms the commitment to jointly promote energy and mineral resources cooperation. The signing of the said Agreement covers important sectors for the development of Somaliland. The Ministry appreciates all the support from the Government of the Republic of China (Taiwan).

Ambassador Allen LOU remarks that this is a model of the mutual assistance-for-mutual-benefit (MAMB) cooperation for both countries. The signing of this Agreement not only symbolizes the Taiwan-Somaliland cooperation is in progress but also empowers Somaliland to demonstrate its sovereignty to the international communities. It is believed that more and more liked-minded countries will come to Somaliland-the “Treasury Island” to invest in.

In December 2021, Taiwan’s CPC Corporation signed the transfer agreement with UK’s Genel Energy, acquiring 49% of the rights on exploring the hydrocarbon resources in the SL10B and SL13 mining areas, and such agreement has been approved by the Somaliland government. Following the signing of the agreement, the first exploration well is expected to be drilled in 2023.

On the journey to explore Taiwan-Somaliland energy and mineral resources cooperation, both countries will work closely to reach the mutually beneficial goal.

Issued by The Taiwan Representative Office in the Republic of Somaliland on 23rd May 2022.

Latest

Bipartisan Congressional Delegation Visits Somaliland Amid Heightened Regional Diplomacy

A powerful bipartisan congressional delegation has arrived in Somaliland...

Saudi Mining Company Kilomass Secures Lithium Exploration Deal in Somaliland

Kilomass, a major Saudi Arabian mining company, has secured...

Somaliland President Muse Bihi Abdi Highlights National Achievements in Annual Address

The President of the Republic of Somaliland, His Excellency,...

Foe Rather than a Friend: Unpacking Djibouti’s Hostility towards Somaliland

Djibouti’s hostility towards Somaliland is driven by economic competition and regional defense strategies, fearing Berbera port's rising prominence. Djibouti, relying heavily on port revenues, views Somaliland as a threat to its economic dominance and leverages political capital to destabilize it. However, Somaliland must shift focus from personal relations to strategic interests to counteract Djibouti's aggression.

Stay Connected

Don't miss

Bipartisan Congressional Delegation Visits Somaliland Amid Heightened Regional Diplomacy

A powerful bipartisan congressional delegation has arrived in Somaliland...

Saudi Mining Company Kilomass Secures Lithium Exploration Deal in Somaliland

Kilomass, a major Saudi Arabian mining company, has secured...

Somaliland President Muse Bihi Abdi Highlights National Achievements in Annual Address

The President of the Republic of Somaliland, His Excellency,...

Foe Rather than a Friend: Unpacking Djibouti’s Hostility towards Somaliland

Djibouti’s hostility towards Somaliland is driven by economic competition and regional defense strategies, fearing Berbera port's rising prominence. Djibouti, relying heavily on port revenues, views Somaliland as a threat to its economic dominance and leverages political capital to destabilize it. However, Somaliland must shift focus from personal relations to strategic interests to counteract Djibouti's aggression.

African Union Sets August 6 as the Deadline for Commision Posts Applications

The African Union has opened the floor for aspirants...

Bipartisan Congressional Delegation Visits Somaliland Amid Heightened Regional Diplomacy

A powerful bipartisan congressional delegation has arrived in Somaliland to bolster U.S. engagement in the strategically critical Horn of Africa region. This visit comes...

Saudi Mining Company Kilomass Secures Lithium Exploration Deal in Somaliland

Kilomass, a major Saudi Arabian mining company, has secured a license to explore lithium deposits in the Republic of Somaliland, marking a significant development...

Somaliland President Muse Bihi Abdi Highlights National Achievements in Annual Address

The President of the Republic of Somaliland, His Excellency, Muse Bihi Abdi has delivered a comprehensive annual constitutional address today, showcasing the nation's progress...