A Turkish company says it will explore for oil in the breakaway republic of Somaliland beginning next year. Tony Hayward, the CEO of Genel Energy, met with Somaliland President Ahmed Mohamed Silanyo in Hargeisa on Tuesday to finalize the deal. Speaking to reporters, Hayward outlined the company's plans. "Through the course of next year we will conduct a major series of seismic programs, investing some $40 million, and we have a plan to drill the first well in the heart of the ...
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