Puntland the horn of africa (yves kabongo's conflicted copy 2012-05-08)
Capital: Garowe Largest City: Boosaaso Government: President: Abdirahman Mohamud Farole Vice-President: Abdisamad Ali Shire Autonomy: Proclaimed in 1998 Population: 3,900,000(2009) Area: 212,510 Km2
Puntland is geographically situated in the northeaster portion of Somalia. It is bordered by Somaliland region of Somalia to its west, the Gulf of Aden in the north, the Indian Ocean in the southeast, the central Galmudug region of Somalia in the south and Ethiopia in the southwest.
Airports: ▪ Bender Qassim International Airport: Is the second largest airport in Somalia, located in Bosaso ▪ Abdullahi Yusuf Airport: Located in Galkayo Ports : ▪ Puntland Government is currently trying to expand the Bosaso port which is a key source of government revenue through taxation on imports and exports for the busiest, if not biggest port in Somalia after Mogadishu.
The State of Puntland has three branches of Government: The Executive Branch The House of the Representatives. The Judiciary
Horn Petroleum Corporation holds a 60 % interest in the Dharoor and Nugaal blocks. Range Resources holds a 20% interest in the Dharoor and Nugaal blocks Red Emperor holds a 20% interest in the Dharoor and Nugaal blocks Africa Oil Corp. holds a 51% equity interest in Horn Petroleum Corporation
In 1991: Civil War In 1998: Homegrown Constitutional Conference was held in Garowe and the autonomous Puntland State of Somalia was established. 2005: Range Resources announced entry into condition Head of Agreement to acquire a 50.1% interest in the sole and exclusive rights to all mineral and hydrocarbon exploration and development in the Somali state of Puntland. During 2007: Horn Petroleum Corporation entered into Production Sharing Agreements (PSAs) and Joint Operating Agreements acquiring an 80% interest in licenses covering the Dharoor Valley and Nugaal Valley Blocks in the state of Puntland in northern Somalia. 2009: The 4 Year exclusivity rights of exploration between Range Resources and Puntland Government no longer applicable. January 2012: The Puntland government gave the green light to the first official oil exploration project in Puntland and Somalia at large. Led by the Canadian oil company Africa Oil and its partner Range Resources, initial drilling in the Shabeel-1 well on Puntlands Dharoor Block in March of the year successfully yielded oil. April 2012: The Puntland constitution was voted