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The Serious Fraud Office (SFO) decision to drop its 17-month long investigation into Soma Oil and Gas has comprehensively cleared the company of the corruption allegations levelled against it by the United Nations Somalia and Eritrea Monitoring Group (SEMG) and leaves hanging the question of why these allegations were made in the first place. The company is now free to finalise negotiations over production sharing agreements for a number of offshore blocks as soon as a new federal government is in place in Mogadishu. Its management then hopes to raise finance by farming out part of its interest and to start drilling as quickly as possible.
Enabling power project development in Africa
First held at RSA House in 2014, AIX: Power & Renewables has become one of the meeting places of choice for Africa’s power sector stakeholders, including leading private and public sector investors, African officials and project developers.
Produced by African Energy, the meeting is held under the Chatham House Rule and structured around interactive panel-led sessions to encourage an open debate.
More than 45 panellists have so far confirmed
There is a 10% discount on tickets that ends on 28 October.