Somalia: Shell/Exxon Mobil Have Paid U.S.$1.7 Million to Somalia As the Preliminary Rent for 30 Years

Royal Dutch Shell and Exxon Mobil have paid $1.7 million to Somalia to lease offshore blocks for 30 years, the country's state news agency reported on Friday.

"Shell/Exxon Mobil have paid $1.7 million to Somalia as the preliminary rent for 30 years," SONNA reported.

Shell and Exxon Mobil had a joint venture on five offshore blocks in Somalia prior to the toppling of dictator Mohamed Siad Barre in the early 1990s.

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