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Reuters
Reuters
Business

Somaliland pitches 'huge' oil and gas potential during Taiwan trip

Somaliland Foreign Minister Essa Kayd Mohamoud attends a meeting with Taiwan President Tsai Ing-wen at the Presidential Office in Taipei, Taiwan February 9, 2022. Taiwan Presidential Office/Handout via REUTERS

Somaliland has "huge" investment potential in untapped oil and gas reserves, the foreign minister of Somalia's breakaway region told Taiwan President Tsai Ing-wen on Wednesday, pitching investment opportunities on a high-profile visit.

Somaliland broke away from Somalia in 1991 but has not gained widespread international recognition for its independence. The region has been mostly peaceful while Somalia has grappled with three decades of civil war.

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