Somalia Petroleum Law - SomaliTalk.com

Somalia Petroleum Policy: Consequences of Principle 4• benefits of petroleum development have not alwaysbeen shared equitably, especially with those whobear some of its costs• social and environmental consequences ofpetroleum development have not always beenproperly mitigated• regional governments in Somalia have legislativepower over some activities (local taxes,authorisations, etc.) that occur in petroleumoperations, so regional and local consultations arenecessary for petroleum activities to occur• Somalia should ensure that proceeds are sharedequitably among the people of Somalia