pexels loic manegarium 3855962The agreement’s basic principles are designed to ensure fair investment in development across the country.
The Petroleum Law, ratified on 8 February 2020, provided for the establishment of the SPA to be the competent governmental authority to regulate the development of the oil and gas industry, applying regulatory principles of equality, openness, accountability, transparency and non-discrimination in the interests of all Somali people.
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