Politics and policy
Somalia President Hassan Sheikh Mohamud (left) and President Uhuru
Kenyatta at a past function in Nairobi. Somalia filed a suit against
Kenya at the United Nation's highest court, seeking to resolve a
long-running dispute over lucrative oil reserves in the Indian Ocean.
FILE PHOTO | SALATON NJAU | NATION MEDIA GROUP
By Reuters
In Summary
Somalia filed a suit against Kenya at the United
Nation's highest court, seeking to resolve a long-running dispute over
lucrative oil reserves in the Indian Ocean.
Somalia asked the International Court of Justice in The
Hague to determine the maritime boundary between the coastal nations,
which disagree about the rights for exploration and collect revenue from
oil discoveries.
Somalia asked the court to intervene, saying
"diplomatic negotiations, in which their respective views have been
fully exchanged, have failed to resolve this disagreement," a statement
issued by the court early Friday said.
Somalia has said the row risks deterring multinational oil companies from exploring for oil and gas offshore east Africa.
Kenya recently identified eight new offshore
exploration blocks available for licensing, and all but one of them are
located in the contested area.
The row could threaten exploration rights that
Kenya has granted to oil and gas companies, which have already started
exploring in the area.
No comments:
Post a Comment