Somalia says reviewing oil deals U.N. says lack transparency

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Somalia said it was reviewing several oil and gas deals that U.N. investigators say lack transparency and risk hindering development of the country's energy industry. The Somalia-Eritrea Monitoring Group (SEMG), an eight-member panel of investigators that monitors compliance with U.N. sanctions, said Mogadishu had signed a series of contracts and cooperation agreements that "highlighted transparency and accountability issues" in state petroleum institutions.

Read the storyby Drazen Jorgic and Louis Charbonneau, in Reuters.

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