Somali Petroleum Company

Somali Petroleum Company

Infobox Company
name = Somali Petroleum Company
company_
type = Joint venture
foundation = 19 August 2008
location_city =
location_country = flagicon|Somalia Somalia
location =
locations =
key_people =

area_served =
industry = Oil & Gas
products = Oil
revenue =
net_income =
num_employees =

The Somali Petroleum Company (SPC) is a petroleum exploration and production company in Somalia. It was created by the Transitional Federal Government of Somalia on 19 August 2008 in order to manage and develop Somalia's hydrocarbon resources.

Stakeholders

SPC is jointly owned by:

* The Somali government: 51%
* PT Medco Energy International of Indonesia: 24.5%
* Kuwait Energy Company: 24.5% [Garowe Online 2008, [http://www.garoweonline.com/artman2/publish/Somalia_27/Somalia_President_approves_oil_deal_as_PM_rift_continues.shtml 'Somalia: President approves oil deal as PM rift continues'] , "www.garoweonline.com", 19 August 2008. Retrieved on 20 August 2008.]

See also

* Economy of Somalia

References


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