AGP Executive Report
Last update: 10 hours agoOffshore Energy: President Hassan Sheikh Mohamud visited Türkiye’s Çağrı Bey drillship at the Curad-1 well, where engineers briefed him on Somalia’s first offshore oil exploration. Preliminary findings have not been released; drilling is planned to reach about 7,500 metres. Shipping and Logistics: Maersk warned that heavy rains and flooding could disrupt roads, ports and cargo movements across East Africa through December, including in parts of Somalia. A separate maritime report flagged Somali piracy as a renewed threat to merchant ships, even as global piracy incidents fell to a decades-long low. Agriculture: Fighting in Lower Shabelle has driven more than 1,700 families from their homes and farms, leaving harvest-ready crops behind. Forecasters also warn of unusually heavy rains in central and southern Somalia, raising risks to farms, transport and food supplies. Industry and Investment: Somalia’s Industry and Minerals Ministry is discussing industrial, commercial and investment partnerships, while construction has begun on a science and technology centre at SIMAD University.
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