Indonesia , Kuwait eye proposed Somali oil firm

Mugadishu, Wednesday, August 08, 2007 Simba Radio

Somalia is considering creating a state petroleum firm with a 49 percent stake for Indonesia 's PT Medco Energi Internasional Tbk and Kuwait Energy Company, according to documents obtained by Reuters.

The government documents, titled "Somalia Petroleum Policy", indicate that the two firms would acquire their stake in Somalia Petroleum Corporation on August 31.

That, however, would be dependent on the passing of a national oil law awaiting parliamentary debate, analysts say.