TelesomDahabshiil

Somaliland has significant reserves of huge oil and gas investment untapped

Araweelo News Network.

“Somaliland is now an important location in East Africa for Taiwan's Africa project," Taiwan President Tsai Ing-wen

Taipei City (ANN)-Somaliland has huge investment potential in untapped oil and gas reserves, the foreign minister of Somalia’s breakaway region told Taiwan President Tsai Ing-wen on Wednesday, pitching investment opportunities on a high-profile visit.

Somaliland’s delegation leads by Dr. Essa Kayd Mohamoud, foreign minister of Somaliland, welcomed Taiwan President Tsai Ing-wen at the presidential office in Taipei , Image Araweelo News Network.

Two of the world’s most diplomatically isolated governments are deepening economic and political ties as “champions of democracies in Africa and Asia,” Somaliland’s foreign minister has said on a landmark visit.

Somaliland broke away from Somalia in 1991 but has not gained widespread international recognition for its independence. The region has been mostly peaceful while Somalia has grappled with three decades of civil war.

Related: Somaliland shares the universal values of freedom and democracy with Taiwan

Taiwan, claimed by China as its own territory and likewise diplomatically isolated, and Somaliland set up representative offices in each other’s capitals in 2020.

According to Reuters,, the Meeting Taiwan President Tsai Ing-wen, Somaliland Foreign Minister Esse Kayd said they welcomed giant Taiwanese companies to invest and trade with them.

“In the mining sector, Somaliland has huge potential for foreign investment, including hydrocarbon deposits, oil and gas, as well as coal, which can be easily explored,” he said.

“We are encouraging maximizing trade and investment potential rather than aid dependency.”

His delegation, which includes the finance minister, will also meet executives from state-owned oil firm CPC, according to Taiwan’s Foreign Ministry.

Tsai said both Taiwan and Somaliland were like-minded democratic partners.

“Somaliland is now an important location in East Africa for Taiwan’s Africa project,” she added.

Taiwan has been all but driven out of Africa diplomatically by China in recent years, with only tiny swatting now maintaining full relations with the island.

China has ramped up pressure on countries not to engage with Taiwan as it seeks to assert its sovereignty claims.

Kayd, in an apparent swipe at China’s opposition to their Taiwan friendship, said Somaliland was a sovereign nation with a right to international relations.

“All coercive or threatening measures to deny such collaboration between international partners do little to promote the peace and security that the region and the world require.”

Taiwan has been keen to show it is a selfless development partner for Somaliland and last month donated 150,000 doses of its domestically developed Medigen COVID-19 vaccine.

Strategically situated on the Horn of Africa, Somaliland borders Djibouti, where China maintains its first ever overseas military base.

Somaliland Country GUIDE March 2021

Please share with your friends the news and information provided by Araweelo News Network.

Published by  Araweelo News Network.

Follow us Twitter@Araweelonews

Facebook@AraweeloNews

instagram@araweelonews

tiktok.com/@araweelonews

By Arraale M Jama Freelance Journalist and Human Rights activist.

Araweelo News Network.

info@araweelonews.com

About the Author

- #Arraale Mohamoud Jama is a freelance and investigative journalist, writer and human rights activist with more than 20 years of experience. He writes about a range of topics related to social issues such as human rights, politics and security. Other topics in which Mr. Arraale is interested include democracy and good governance. Mr. Arraale has written extensively on regional and international events, and has worked with Somaliland newspapers and Human rights organizations. In 2008, he established #Araweelo #News #website# Network, which he currently manages. For further information, please contact: Info@araweelonews.com or jaamac132@gmail.com Send an SMS or MMS to + 252 63 442 5380 whatsapp.com/ + 252 63 442 5380 /https://twitter.com/Araweelonews/https://www.facebook.com/Araweelonews/

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>