Monday, March 17, 2008

The visit provided the government representatives with the opportunity to undertake an intensive resource management course with the world-class learning institute Curtin University of Technology.

As part of their visit, the government representatives undertook Masters-level short-courses at Curtin University in Resource Sector Finance, and Natural Resource Economics, in addition to training in public sector resources policy issues, regulatory and fiscal regimes, and administration systems.

Upon returning to Somalia the Ministry representatives will be responsible for assisting the Puntland Department of Minerals and Energy to establish and manage an international standard minerals and petroleum code.

These codes provide vital legislation that, once implemented, will underpin the economic growth of Puntland. It ensures companies invited into Puntland to develop natural resources will also be obliged to provide resources to necessary social and economic projects as determined by the Puntland government. The legislation provides security to potential investors into Puntland and establishes a modern framework for conducting resource exploration and development within the region.

This world-class training has been facilitated and funded by Australian company Range Resources, which is working with the Puntland Government to establish an international standard minerals and petroleum code and attract foreign investment.

Commenting on the visit, Range Resources CEO Mr Mike Povey said, “it was important for the representatives from the Puntland Government to visit WA and learn from world-class experts about the best way to build and maintain such a vital piece of legislation.”

“Range is proud of the role that it has played in this process and would like to thank Curtin University for the assistance that they provided with the various ‘learning’ components of the visit,” Mr Povey said.

Somalia, and in particular Puntland, remains one of the last under-explored countries that has a high potential for considerable reserves of hydrocarbons that can be subsequently developed for the benefit of both the people of Puntland and Range shareholders. The Company believes that numerous social and economic benefits will result through the generation of jobs, expansion of Puntland’s economy, and government income from hydrocarbon and mineral exploration and development.

Gacaliye@ @ 3/19/2008 3:39 PM EST  -somaal @ 3/18/2008 7:45 PM EST  I am against everything and anything good or bad, who am I? I am against anyone and everyone good or bad, who am I? I am against him and her for better or for worst, who am I? I am against them and themselves for better or for worst, who am I? Ahlu- Somaali wrote:  "I am against me and myself for better or for worst, who am I? I am critically minded but come up with no solutions, who am I? I know it all but I know nothing, who am I?"   "Dr".Ali (Dr Nil=Dr Eber!), you are among those countrymen touched upon by Ahlu Somali's above poem, bro!

Gacaliye@ @ 3/19/2008 3:14 PM EST  Ahlu- Soomaal, I lift my hat & give you my dearest symbol, that is highest in my heart, our beautiful 5-pointed Somali star for this poetic  posting of yours.  Please do post som more stuff of this kind!  It can serve as a "turn of mind" for many of us!!!

simbe @ 3/19/2008 7:32 AM EST  Puntland has oil,gas and lot of high quality minerals, they had good culture of governance and I worder why donot seek indepent from the south. The south people cannot rule be ruled.

ahlu-somaal @ 3/18/2008 7:45 PM EST  I am against everything and anything good or bad, who am I? I am against anyone and everyone good or bad, who am I? I am against him and her for better or for worst, who am I? I am against them and themselves for better or for worst, who am I? I am against me and myself for better or for worst, who am I? I am critically minded but come up with no solutions, who am I? I know it all but I know nothing, who am I? Have you figured out who I am yet? Well, if you did, then you are not as dump as you thought you were! And if you haven’t, then you are as dump as you thought you are! I will put you out of your misery and tell you who I am! Well I am who I am, who else could be to possess all the above traits! You must know me by now, I am me, I am you, I am we! Somali! Somali, Somali, Somali, no one else on earth could possess all the above traits! Oh, yeah, oh yeah, oh yeah, we Somali have all the above qualities and characteristics in our blood, in our gene!! We talk the talk, but don’t walk the walk!!!! LOL Axyaa wadani Ahlu-Soomaal

Gaadh-haye @ 3/18/2008 1:57 PM EST  This deal is illegal, simple as that.