Somalia+Petroleum

=Chinese Investors Are Unlikely To Invest In Somalia Petroleum Over The Next Five Years Because Of Lack Of Natural Resources And Conflict=

Executive Summary:
Despite Somalia's constant insistence for foreign investment, Chinese investors are unlikely to get involved in Somalia because of its current lack of petroleum as well as the conflict in the country. Somalia believes exploration projects in the Indian Ocean will be fruitful because of recent discoveries of natural resources in Eastern Africa.

Discussion:

 * During the 7 October Somalia Oil and Gas Summit in London, Somali Minister of Finance and Planning Mohamud Hassan Suleiman encouraged foreign investors to “seize the opportunity” to invest in Somalia’s flat-lined energy sector. Suleiman added that the Somali government recently revised the country’s Investment Law to make Somalia “investment friendly.”.
 * Oil is believed to have contributed to a slowdown in pirate attacks of the Somali coast.
 * Somalia is interested in exploring the Indian Ocean for oil because of the recent discoveries of oil in Uganda and Kenya.