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August 20, 2011

Somaliland says PetroTrans to extend Berbera port


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Somaliland says PetroTrans to extend Berbera port

HARGEISA (Reuters) – PetroTrans, a Chinese petroleum firm, will carry out extension works to Somaliland’s Berbera port, after it signed a deal with the government of the breakaway enclave of Somalia, the foreign minister of Somaliland said on Saturday.

The Horn of Africa has been attracting increased investments in the area of exploration by foreign oil firms, due to its proximity to east Africa, where oil has been discovered in Uganda and natural gas found in Tanzania.

“Redevelopment of Berbera Port to make it a gateway to East Africa is the major project of the framework of an agreement signed by the government of Somaliland and PetroTrans Company,” Mohamed Abdillahi Omer told Reuters.

“The agreement has not been finalised as financial and technical details will be finalised in the next few weeks.”

In addition to extension of the port, other projects will be carried out under the terms of the deal that was signed when the Somaliland President Ahmed Mohamed Silanyo visited China last week.

They include laying pipelines for natural gas and fuel to Ethiopia. A refinery will also be built at the port, as well as a road linking Berbera to Wajale, a town on the Ethiopia-Somaliland border.

PetroTrans has signed a separate agreement with the Ethiopians.

Somaliland, which has been contributing to the fight against piracy off the Somali coast, hopes the deal will create thousands of jobs, raise its profile and attract more investments into the region.

It declared independence from Somalia in 1991.

http://af.reuters.com/article/investingNews/idAFJOE77J02520110820

August 19, 2011

Somaliland in port deal with China businessmen

Filed under: NEWS — somaliland247 @ 7:51 pm
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Somaliland in port deal with China businessmen

HARGEISA Aug 19 (Reuters) – Somaliland has struck a deal with Chinese businessmen to extend its Berbera port as well as TO build a refinery and new roads in the breakaway northern enclave, its president said.

Ahmed Mohamed Silanyo said Somaliland, which declared its independence from Somalia in 1991 but has not been formally recognised internationally, said the new deal would boost its economy and strengthen ties with Horn of Africa neighbours.

In a statement issued late on Thursday, Silanyo said he met businessmen in Hong Kong who are experienced in financing and building infrastructure projects in developing countries as well as Ethiopian leaders during a fortnight-long trip.

He said details of the deal and how the projects will be funded would be disclosed soon.

The projects include the expansion of Berbera Port and pipelines for natural gas and fuel to Ethiopia. A refinery will also be built at the port, as well as a road linking Berbera to Wajale, a town on the Ethiopia-Somaliland border.

Somaliland is helping a global fight against piracy in the Indian Ocean which has turned busy shipping lanes off the coast of the conflict-wrecked state of Somalia into some of the world’s most perilous waters.

The Somaliland leader has said in the past his region had no interest in reunification with the rest of Somalia. (Reporting by Husein Ali Nur; Editing by James Macharia and Jason Neely)

August 6, 2011

Somaliland President Ahmed Silanyo set to visit China


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Somaliland President Ahmed Silanyo set to visit China

HARGEISA — Somaliland President Ahmed Silanyo leading a high-level ministerial delegation, fly to Beijing on his first China visit.

Presidential spokesman, Mr Abdullahi M. Dahir, told local press on Friday that the President received an official invitation from the Chinese government and talks are expected to strengthen economic ties.

He added the week-long visit will focus on foreign investment, trade and development. “The aim of our trip is to seek foreign direct investment (FDI) projects from China in the fields of energy, mineral exploration and Agriculture. We are also going to seek assistance from China to implement water projects and other key infrastructures including transportation requirements (airports and roads),” Mr Dahir said.

He said the visit will highlight President Silanyo’s commitment to address and seek a solution for the water shortages, high unemployment and other key issues.

President Silanyo will stop over in Addis Ababa for key talks with Ethiopian officials over a number of topics including the so called Berbera corridor, security and trade.

(Somalilandpress)

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