Somali Petroleum Company

The Somali Petroleum Company (SPC) is a petroleum exploration and production company in Somalia. It was created by the Transitional Federal Government of Somalia on 19 August 2008 in order to manage and develop Somalia's hydrocarbon resources.

Stakeholders

SPC is jointly owned by:

• The Somali government: 51%
• PT Medco Energy International of Indonesia: 24.5%
• Kuwait Energy Company: 24.5%^[1]

See also

• Economy of Somalia

References