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Ministry of Petroleum and Mineral Resources

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Namestring
Ministry of Petroleum and Mineral Resources
Legal namestring
Ministry of Petroleum and Mineral Resources
Websiteurl
mopmr.gov.so
Company typeenum
Private
Founded yearint
2019
Descriptiontext

The Ministry of Petroleum and Mineral Resources is the federal government ministry of the Federal Republic of Somalia responsible for developing and regulating the country's petroleum, hydrocarbon, and mineral resources sectors. Headquartered in Mogadishu, it oversees the full petroleum value chain — upstream exploration and production, midstream operations, and downstream storage, quality control, and distribution — through a codified framework anchored by the revised Petroleum Law of 2019/2020 and a suite of petroleum and mining regulations. It manages a state-controlled ecosystem comprising the Somalia Petroleum Authority (SPA) as the regulatory arm and the Somali National Oil Company (SONOC) as the state's commercial vehicle, and administers a Petroleum Revenue Sharing Agreement that distributes future revenues between the Federal Government, six constituent Member States, and local communities (with Member States entitled to up to 70%).

The Ministry's core "products" are regulatory services: offshore licensing rounds conducted under Production Sharing Agreements with international oil companies, the foundational 122,000 km² seismic dataset generated with Spectrum (now TGS), and oversight of historic agreements with Shell and ExxonMobil that were converted into PSAs via a February 2019 settlement. Its go-to-market is government-led and directed at international energy investors through licensing rounds, roadshows in financial centers such as Houston and Dubai, participation in conferences (Africa Energy Summit, Africa Oil Week), and bilateral cooperation discussions with counterpart ministries. Revenue mechanics are licensing/royalty-based — primarily early surface rental payments from Shell and ExxonMobil — with no commercial production yet and downstream regulatory scope only taking effect June 21, 2025. Customer segments are: the Federal Government and Member States (revenue beneficiaries), IOCs including Shell and ExxonMobil (licensees), and the broader Somali population as ultimate beneficiaries of resource-derived public revenue.

Short descriptiontext

The Ministry of Petroleum and Mineral Resources is Somalia's federal regulatory authority for petroleum, hydrocarbon, and mineral resources, managing offshore licensing rounds, Production Sharing Agreements with international oil companies, and a petroleum revenue-sharing framework between the Federal Government, six Member States, and local communities.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersMogadishu, Somalia
HQ citystring
Mogadishu
HQ countrystring
Somalia
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
petroleum regulation, offshore licensing, hydrocarbon exploration, production sharing agreements, mineral resources management
Industry3 codes
PRIMARYBPAIABAO
State/Provincial Licensing, Permitting & Regulatory Administration (Cross-sector)
Business & Public Services/Public Sector & Government Administration/State/Provincial & Regional Government Administration
SECONDARYEUALAAAB
Mineral Rights, Leasing & Land Management
SECONDARYBPAIAMAJ
Minerals, Mining & Geologic Resources Administration
Business & Public Services/Public Sector & Government Administration/Environmental Protection & Natural Resources Administration
NAICS code3 codes
  • Crude Petroleum Extraction21112
  • Crude Petroleum Extraction211120
  • Oil and Gas Extraction211
SIC code3 codes
  • Oil Royalty Traders6792
  • Crude Petroleum & Natural Gas1311
  • Oil & Gas Field Exploration Services1382
Product category
Government Petroleum Regulation
Social media profiles3 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Petroleum Revenue Sharing
TypeLicensing Royalties
Description

The ministry oversees the collection and distribution of petroleum revenues through a landmark Revenue Sharing Agreement that distributes future petroleum revenues between the Federal Government, six constituent Member States, and their local communities. Member states receive up to 70% of potential future petroleum revenues.

mopmr.gov.so
2Surface Rental Payments
TypeLicensing Royalties
Description

Early revenues have been generated from surface rental payments from companies like Shell and ExxonMobil. These initial revenues are being distributed under the terms of the Revenue Sharing Agreement.

mopmr.gov.so
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Personnel, Operations, Infrastructure, Others
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

The Ministry of Petroleum and Mineral Resources regulates and develops Somalia's petroleum, hydrocarbon, and mineral resources sectors. It administers offshore licensing rounds offering exploration blocks to international oil companies, negotiates Production Sharing Agreements (PSAs), oversees upstream, midstream, and downstream petroleum operations, and manages the Petroleum Revenue Sharing Agreement that distributes revenues between the Federal Government, six Member States, and local communities. The Ministry also oversees the Mining Policy, Code, Regulations, and Management framework.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

The Ministry of Petroleum and Mineral Resources operates as Somalia's central regulatory body for hydrocarbon and mineral resource management. The ministry oversees a comprehensive petroleum regulatory framework spanning upstream exploration and production, midstream transportation, and downstream distribution. Key offerings include the Somalia Offshore Licensing Round for international oil companies, management of the Somalia Petroleum Authority (SPA) as the regulatory body, and the Somali National Oil Company (SONOC) for government participation in petroleum operations. The ministry also manages a mining sector encompassing policy, code, regulations, and management services. The petroleum revenue sharing system distributes revenues among the Federal Government, Member States, and local communities. This is a government regulatory portfolio rather than a commercial product suite.

Product and service4 records
1Somalia Offshore Licensing Round
CategoryPetroleum Licensing Services
Description

Offshore licensing round offering exploration blocks for hydrocarbon exploration and production to international oil and gas companies, with subsequent rounds offering up to 15 blocks.

2Petroleum Regulatory Framework Services
CategoryPetroleum Regulation and Oversight
Description

Comprehensive regulatory services covering petroleum upstream, midstream, and downstream operations including licensing rounds, production sharing agreements, and industry oversight for international oil companies operating in Somalia.

3Mining Sector Management
CategoryMining Regulation and Oversight
Description

Government oversight of mining activities including mining policy development, mining code enforcement, mining regulations, and mining management services for mining sector operators.

4Petroleum Revenue Sharing Management
CategoryPetroleum Revenue Administration
Description

Management and distribution of petroleum revenues between the Federal Government, six constituent Member States, and local communities according to the Petroleum Revenue Sharing Agreement, with Member States receiving up to 70% of potential future petroleum revenues.

Scale indicator4 records

Each record includes

Type, Value, Description, Source

Partnership6 partners
Strategic tierMinorTypeStrategic or Co-development PartnerAnnounced on2026-04-06
Description

Note: This MoU was signed between MCS and Egypt's Ministry of Petroleum and Mineral Resources, not Somalia's ministry.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2019-09-01
Description

Shell and ExxonMobil have historic agreements with Somalia for petroleum exploration. The companies signed an agreement settling historic obligations and initiating a roadmap enabling conversion of concessions into Production Sharing Agreements. Early revenues from surface rentals are being shared under the Revenue Sharing Agreement.

Strategic tierCoreTypeTechnology or Integration
Description

Spectrum, the world's leading provider of subsurface data, conducted extensive seismic surveys covering 122,000 km² of Somalia's offshore areas. Their surveys identified strong evidence of source rock with potential oil hydrocarbons and geological structures favorable for oil trapping.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

The NPD organized a four-day training program for 25 government officials on Understanding the Petroleum Sector and Good Resource Management, building institutional capacity within the ministry.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Established under the Petroleum Law as the competent regulatory authority to regulate petroleum operations, applying principles of equality, openness, accountability, transparency and non-discrimination.

6Somali National Oil Company (SONOC)
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Established as an entity controlled by the Government for participation in petroleum operations in Somalia.

mopmr.gov.so
Recent move4 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
1Ministry of Petroleum (Nigeria)
TypeBroad incumbent
Description

Nigeria's federal petroleum ministry has long overseen one of Africa's largest upstream sectors and a national oil company (NNPC). Comparable as a federal-level petroleum policy and PSA oversight body, though far larger and more mature.

TypeDirect peer
Description

Uganda's ministry covers petroleum exploration, licensing, and mineral resources for a frontier East African market. Comparable mandate and stage of development, with similar reliance on PSAs and international oil company engagement.

TypeDirect peer
Description

Tanzania's ministry regulates mining and mineral resources within the same East African geological belt that includes Somalia's offshore basins. Comparable regulatory function, including licensing rounds and PSA frameworks, for similar resource categories.

TypeDirect peer
Description

Seychelles regulates offshore petroleum licensing in a frontier Indian Ocean basin with geological analogs to Somalia. Comparable as a small-state offshore regulator dependent on international oil company licensing rounds.

5Ministry of Petroleum and Mining (Kenya)
TypeDirect peer
Description

Kenya's federal-level ministry responsible for petroleum and mineral resources policy and regulation, sharing both the East African geography and the frontier-exploration context. Somalia's maritime dispute with Kenya makes this a particularly direct institutional counterpart for regulatory and licensing comparison.

6Ministry of Mineral Resources and Energy (Mozambique)
TypeDirect peer
Description

Mozambique's ministry oversees petroleum licensing and mineral resources with a major offshore LNG-focused basin. Comparable to Somalia because both regulate frontier East African offshore basins with seismic-to-licensing pipelines and national oil company participation.

TypeDirect peer
Description

South Sudan's petroleum ministry oversees upstream licensing, PSA administration, and revenue sharing in a frontier, fragile-state context. Directly comparable to Somalia on regulatory structure, frontier exploration profile, and dependence on IOC investment.

TypeDirect peer
Description

Liberia's ministry regulates petroleum licensing and mining in a post-conflict, frontier-market West African context. Comparable mandate covering both petroleum and minerals, with similar early-stage licensing and PSA dynamics.

9Ministry of Petroleum and Energy (Norway)
TypeBroad incumbent
Description

Norway's mature petroleum ministry administers one of the world's most successful PSAs and state-participation models. Relevant as a benchmark institutional partner (NPD is training Somalia's officials) and as a reference architecture for Somalia's evolving framework.

10Ministry of Energy (Ghana)
TypeDirect peer
Description

Ghana's ministry regulates petroleum exploration and production in a frontier West African basin that has progressed from licensing rounds to commercial production. Comparable role as a national petroleum regulator overseeing IOCs and a national oil company.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles4 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Ministry of Petroleum and Mineral Resources

Government Petroleum Regulationmopmr.gov.so

The Ministry of Petroleum and Mineral Resources is Somalia's federal regulatory authority for petroleum, hydrocarbon, and mineral resources, managing offshore licensing rounds, Production Sharing Agreements with international oil companies, and a petroleum revenue-sharing framework between the Federal Government, six Member States, and local communities.

What Ministry of Petroleum and Mineral Resources does

The Ministry of Petroleum and Mineral Resources is the federal government ministry of the Federal Republic of Somalia responsible for developing and regulating the country's petroleum, hydrocarbon, and mineral resources sectors. Headquartered in Mogadishu, it oversees the full petroleum value chain — upstream exploration and production, midstream operations, and downstream storage, quality control, and distribution — through a codified framework anchored by the revised Petroleum Law of 2019/2020 and a suite of petroleum and mining regulations. It manages a state-controlled ecosystem comprising the Somalia Petroleum Authority (SPA) as the regulatory arm and the Somali National Oil Company (SONOC) as the state's commercial vehicle, and administers a Petroleum Revenue Sharing Agreement that distributes future revenues between the Federal Government, six constituent Member States, and local communities (with Member States entitled to up to 70%).

The Ministry's core "products" are regulatory services: offshore licensing rounds conducted under Production Sharing Agreements with international oil companies, the foundational 122,000 km² seismic dataset generated with Spectrum (now TGS), and oversight of historic agreements with Shell and ExxonMobil that were converted into PSAs via a February 2019 settlement. Its go-to-market is government-led and directed at international energy investors through licensing rounds, roadshows in financial centers such as Houston and Dubai, participation in conferences (Africa Energy Summit, Africa Oil Week), and bilateral cooperation discussions with counterpart ministries. Revenue mechanics are licensing/royalty-based — primarily early surface rental payments from Shell and ExxonMobil — with no commercial production yet and downstream regulatory scope only taking effect June 21, 2025. Customer segments are: the Federal Government and Member States (revenue beneficiaries), IOCs including Shell and ExxonMobil (licensees), and the broader Somali population as ultimate beneficiaries of resource-derived public revenue.

Ministry of Petroleum and Mineral Resources firmographics

Firmographics
Name
Ministry of Petroleum and Mineral Resources
Legal name
Ministry of Petroleum and Mineral Resources
Website
https://mopmr.gov.so
Company type
Private
Founded year
2019
Operating status
Operating
Headcount range
51–100 employees
Short description
The Ministry of Petroleum and Mineral Resources is Somalia's federal regulatory authority for petroleum, hydrocarbon, and mineral resources, managing offshore licensing rounds, Production Sharing Agreements with international oil companies, and a petroleum revenue-sharing framework between the Federal Government, six Member States, and local communities.
Ownership category
akta.pro rank

Ministry of Petroleum and Mineral Resources industry classification

Industry
Product category
Government Petroleum Regulation
NAICS
Crude Petroleum Extraction (21112), Crude Petroleum Extraction (211120), Oil and Gas Extraction (211)
SIC
Oil Royalty Traders (6792), Crude Petroleum & Natural Gas (1311), Oil & Gas Field Exploration Services (1382)
akta.pro industry
PRIMARYBPAIABAO
State/Provincial Licensing, Permitting & Regulatory Administration (Cross-sector)
Business & Public Services/Public Sector & Government Administration/State/Provincial & Regional Government Administration
SECONDARYEUALAAAB
Mineral Rights, Leasing & Land Management
SECONDARYBPAIAMAJ
Minerals, Mining & Geologic Resources Administration
Business & Public Services/Public Sector & Government Administration/Environmental Protection & Natural Resources Administration

Keywords

  • Petroleum regulation
  • Offshore licensing
  • Hydrocarbon exploration
  • Production sharing agreements
  • Mineral resources management

Where Ministry of Petroleum and Mineral Resources is headquartered

Location

Headquarters

HQ city
Mogadishu
HQ country
Somalia

Offices1 record

Markets served

Ministry of Petroleum and Mineral Resources business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Infrastructure, Others

Revenue model

  1. Petroleum Revenue Sharing: The ministry oversees the collection and distribution of petroleum revenues through a landmark Revenue Sharing Agreement that distributes future petroleum revenues between the Federal Government, six constituent Member States, and their local communities. Member states receive up to 70% of potential future petroleum revenues.
  2. Surface Rental Payments: Early revenues have been generated from surface rental payments from companies like Shell and ExxonMobil. These initial revenues are being distributed under the terms of the Revenue Sharing Agreement.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Ministry of Petroleum and Mineral Resources product offering

Product offering

Core offering

The Ministry of Petroleum and Mineral Resources regulates and develops Somalia's petroleum, hydrocarbon, and mineral resources sectors. It administers offshore licensing rounds offering exploration blocks to international oil companies, negotiates Production Sharing Agreements (PSAs), oversees upstream, midstream, and downstream petroleum operations, and manages the Petroleum Revenue Sharing Agreement that distributes revenues between the Federal Government, six Member States, and local communities. The Ministry also oversees the Mining Policy, Code, Regulations, and Management framework.

Product overview

The Ministry of Petroleum and Mineral Resources operates as Somalia's central regulatory body for hydrocarbon and mineral resource management. The ministry oversees a comprehensive petroleum regulatory framework spanning upstream exploration and production, midstream transportation, and downstream distribution. Key offerings include the Somalia Offshore Licensing Round for international oil companies, management of the Somalia Petroleum Authority (SPA) as the regulatory body, and the Somali National Oil Company (SONOC) for government participation in petroleum operations. The ministry also manages a mining sector encompassing policy, code, regulations, and management services. The petroleum revenue sharing system distributes revenues among the Federal Government, Member States, and local communities. This is a government regulatory portfolio rather than a commercial product suite.

Differentiator

Problem solved

Functional benefit

Products and services

  • Somalia Offshore Licensing Round Offshore licensing round offering exploration blocks for hydrocarbon exploration and production to international oil and gas companies, with subsequent rounds offering up to 15 blocks.
  • Petroleum Regulatory Framework Services Comprehensive regulatory services covering petroleum upstream, midstream, and downstream operations including licensing rounds, production sharing agreements, and industry oversight for international oil companies operating in Somalia.
  • Mining Sector Management Government oversight of mining activities including mining policy development, mining code enforcement, mining regulations, and mining management services for mining sector operators.
  • Petroleum Revenue Sharing Management Management and distribution of petroleum revenues between the Federal Government, six constituent Member States, and local communities according to the Petroleum Revenue Sharing Agreement, with Member States receiving up to 70% of potential future petroleum revenues.

Companies that use Ministry of Petroleum and Mineral Resources

Customer profile

Segments3 records

Ideal customer profiles1 record

Ministry of Petroleum and Mineral Resources technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

Ministry of Petroleum and Mineral Resources partnerships and signals

Strategic signal

Partnerships

Six partnerships are on record, tiered minor and core.

  • Mideast Communication Systems (MCS)minorStrategic or Co-development Partner · 6 April 2026Note: This MoU was signed between MCS and Egypt's Ministry of Petroleum and Mineral Resources, not Somalia's ministry.
  • Shell and ExxonMobilcoreStrategic or Co-development Partner · 1 September 2019Shell and ExxonMobil have historic agreements with Somalia for petroleum exploration. The companies signed an agreement settling historic obligations and initiating a roadmap enabling conversion of concessions into Production Sharing Agreements. Early revenues from surface rentals are being shared under the Revenue Sharing Agreement.
  • Spectrum (now TGS)coreTechnology or IntegrationSpectrum, the world's leading provider of subsurface data, conducted extensive seismic surveys covering 122,000 km² of Somalia's offshore areas. Their surveys identified strong evidence of source rock with potential oil hydrocarbons and geological structures favorable for oil trapping.
  • Norwegian Petroleum Directorate (NPD)minorStrategic or Co-development PartnerThe NPD organized a four-day training program for 25 government officials on Understanding the Petroleum Sector and Good Resource Management, building institutional capacity within the ministry.
  • Somalia Petroleum Authority (SPA)coreStrategic or Co-development PartnerEstablished under the Petroleum Law as the competent regulatory authority to regulate petroleum operations, applying principles of equality, openness, accountability, transparency and non-discrimination.
  • Somali National Oil Company (SONOC)coreStrategic or Co-development PartnerEstablished as an entity controlled by the Government for participation in petroleum operations in Somalia.

Scale indicators4 records

Recent moves4 records

Expansion highlights5 records

Ministry of Petroleum and Mineral Resources competitors and assessment

Company assessment

Broad incumbents

  • Ministry of Petroleum (Nigeria): Nigeria's federal petroleum ministry has long overseen one of Africa's largest upstream sectors and a national oil company (NNPC). Comparable as a federal-level petroleum policy and PSA oversight body, though far larger and more mature.
  • Ministry of Petroleum and Energy (Norway): Norway's mature petroleum ministry administers one of the world's most successful PSAs and state-participation models. Relevant as a benchmark institutional partner (NPD is training Somalia's officials) and as a reference architecture for Somalia's evolving framework.

Direct peers

  • Ministry of Energy and Mineral Development (Uganda): Uganda's ministry covers petroleum exploration, licensing, and mineral resources for a frontier East African market. Comparable mandate and stage of development, with similar reliance on PSAs and international oil company engagement.
  • Ministry of Minerals (Tanzania): Tanzania's ministry regulates mining and mineral resources within the same East African geological belt that includes Somalia's offshore basins. Comparable regulatory function, including licensing rounds and PSA frameworks, for similar resource categories.
  • Ministry of Energy and Petroleum (Seychelles): Seychelles regulates offshore petroleum licensing in a frontier Indian Ocean basin with geological analogs to Somalia. Comparable as a small-state offshore regulator dependent on international oil company licensing rounds.
  • Ministry of Petroleum and Mining (Kenya): Kenya's federal-level ministry responsible for petroleum and mineral resources policy and regulation, sharing both the East African geography and the frontier-exploration context. Somalia's maritime dispute with Kenya makes this a particularly direct institutional counterpart for regulatory and licensing comparison.
  • Ministry of Mineral Resources and Energy (Mozambique): Mozambique's ministry oversees petroleum licensing and mineral resources with a major offshore LNG-focused basin. Comparable to Somalia because both regulate frontier East African offshore basins with seismic-to-licensing pipelines and national oil company participation.
  • Ministry of Petroleum (South Sudan): South Sudan's petroleum ministry oversees upstream licensing, PSA administration, and revenue sharing in a frontier, fragile-state context. Directly comparable to Somalia on regulatory structure, frontier exploration profile, and dependence on IOC investment.
  • Ministry of Mines and Petroleum (Liberia): Liberia's ministry regulates petroleum licensing and mining in a post-conflict, frontier-market West African context. Comparable mandate covering both petroleum and minerals, with similar early-stage licensing and PSA dynamics.
  • Ministry of Energy (Ghana): Ghana's ministry regulates petroleum exploration and production in a frontier West African basin that has progressed from licensing rounds to commercial production. Comparable role as a national petroleum regulator overseeing IOCs and a national oil company.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Ministry of Petroleum and Mineral Resources social profiles

Digital presence

Ministry of Petroleum and Mineral Resources financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Ministry of Petroleum and Mineral Resources leadership team

Management profile

Number of profiles

Profiles4 records

Ministry of Petroleum and Mineral Resources funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Ministry of Petroleum and Mineral Resources M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ministry of Petroleum and Mineral Resources

What does Ministry of Petroleum and Mineral Resources do?

The Ministry of Petroleum and Mineral Resources regulates and develops Somalia's petroleum, hydrocarbon, and mineral resources sectors. It administers offshore licensing rounds offering exploration blocks to international oil companies, negotiates Production Sharing Agreements (PSAs), oversees upstream, midstream, and downstream petroleum operations, and manages the Petroleum Revenue Sharing Agreement that distributes revenues between the Federal Government, six Member States, and local communities. The Ministry also oversees the Mining Policy, Code, Regulations, and Management framework.

Is Ministry of Petroleum and Mineral Resources a public or private company?

Ministry of Petroleum and Mineral Resources is a private company. It is classified as state government owned and is currently operating.

When was Ministry of Petroleum and Mineral Resources founded?

Ministry of Petroleum and Mineral Resources was founded in 2019. It employs 51 to 100 people.

Where is Ministry of Petroleum and Mineral Resources based?

Ministry of Petroleum and Mineral Resources is headquartered in Mogadishu, Somalia.

How does Ministry of Petroleum and Mineral Resources make money?

Two revenue lines are on record. Petroleum Revenue Sharing is the primary driver. The others are surface Rental Payments.

Who are Ministry of Petroleum and Mineral Resources's main competitors?

Broad incumbents on record are Ministry of Petroleum (Nigeria) and Ministry of Petroleum and Energy (Norway). Direct peers are Ministry of Energy and Mineral Development (Uganda), Ministry of Minerals (Tanzania), Ministry of Energy and Petroleum (Seychelles), Ministry of Petroleum and Mining (Kenya), Ministry of Mineral Resources and Energy (Mozambique), Ministry of Petroleum (South Sudan), Ministry of Mines and Petroleum (Liberia) and Ministry of Energy (Ghana).

Does Ministry of Petroleum and Mineral Resources have an API?

No public API is recorded for Ministry of Petroleum and Mineral Resources.

What industry is Ministry of Petroleum and Mineral Resources in?

Ministry of Petroleum and Mineral Resources's product category is Government Petroleum Regulation. Its primary akta.pro industry code is BPAIABAO, State/Provincial Licensing, Permitting & Regulatory Administration (Cross-sector), with a secondary code of EUALAAAB, Mineral Rights, Leasing & Land Management. Its NAICS code is 21112 and its SIC code is 6792.

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Live signals
TradingViewZAWYA: Egypt signs cooperation protocol to boost investment in petroleum, mining sectorsEgypt's Prime Minister Mostafa Madbouly witnessed the signing of a cooperation protocol between the Ministry of Petroleum and Mineral Resources and the Ministry of Investment and Foreign Trade. The protocol aims to attract new capital to Egypt's oil, gas, and mining sectors through enhanced coordination and innovative financing mechanisms.ZawyaJordan, Egypt explore closer cooperation in phosphate, mining sectorsJordan Phosphate Mines Company CEO and Egypt's petroleum minister discussed strengthening phosphate and mining cooperation. Badawi outlined Egypt's strategy to expand downstream industries like phosphate fertiliser and phosphoric acid production. Both sides agreed to maintain technical coordination and pursue joint projects.ZawyaEgypt, Cyprus discuss accelerating Aphrodite, Cronos gas projectsEgyptian and Cypriot ministers met in Washington to accelerate joint gas projects, including Aphrodite and Cronos. Egypt offered its LNG infrastructure to process Cypriot gas for re-export, with Cronos shipments to Europe planned by 2028. They also agreed to expand cooperation into mining, minerals, and hydrogen.eyeofriyadh.comSaudi Arabia seeks deeper Russia ties in critical minerals: MinisterSaudi Arabia's industry minister said the kingdom seeks deeper cooperation with Russia in rare earths and critical minerals, aiming to build resilient global supply chains. He noted Saudi mineral wealth estimates rose to about $2.5 trillion, up roughly 90% from 2018, and mining is a key pillar of Vision 2030.Business TodayEgypt moves to connect Cypriot gas discoveries to local LNG plants- Business TodayEgypt's Ministry of Petroleum and Mineral Resources signed an MoU with ExxonMobil and QatarEnergy to link Cypriot gas discoveries to Egypt's LNG plants. The agreement aims to maximize economic value and strengthen Egypt's role as a regional energy hub. It follows successful cooperation with Eni, Total, Chevron, and Shell.ZawyaEgypt: Badawi discusses accelerating Mediterranean natural gas development with Shell, PetronasEgypt's petroleum minister Karim Badawi met Shell and Petronas executives to discuss accelerating natural gas development in the West Delta Deep Marine concession. The meeting covered Phase 12A drilling plans and Shell's Mina West field, targeting online by Q4 2026. Badawi also explored Petronas's expansion in Egypt's Mediterranean and Red Sea regions.ZawyaEgypt: Badawi, ExxonMobil mull collaboration to expand synthetic lubricants productionEgypt's petroleum minister Karim Badawi met ExxonMobil to discuss expanding synthetic lubricant production and refining cooperation. The meeting highlighted Egypt as a strategic market, with locally produced lubricants exported to over 30 countries, targeting 45. ExxonMobil plans to scale investments in manufacturing and technology.Egyptian StreetsEgypt Unveils New Natural Gas Discovery in the Nile Delta, Targeting Early ProductionEgypt's Ministry of Petroleum and Mineral Resources announced a new natural gas discovery in the Nile Delta on 2 May, with production rates estimated at about 50 million cubic feet per day. The discovery came from the exploratory well Nidoco N-2, drilled in the West Abu Madi area in Kafr El-Sheikh governorate. The well is less than 2 km from existing infrastructure, enabling early production.ZawyaMCS signs MOU with the Ministry of Petroleum and Mineral ResourcesMCS and Egypt's Ministry of Petroleum and Mineral Resources signed an MoU to enhance cybersecurity training in the sector. The agreement, signed at EGYPES 2026, aims to develop qualified human capital and protect digital infrastructure. It reflects a shared vision for a secure, sustainable digital environment.ZawyaMCS signs deal with Egypt's Petroleum Ministry to strengthen cybersecurity in energy sectorMideast Communication Systems (MCS) signed a memorandum of understanding with Egypt's Ministry of Petroleum and Mineral Resources to enhance cybersecurity capabilities and develop skilled human capital across the petroleum sector. The agreement focuses on specialized training programs and transferring global cybersecurity expertise to protect digital infrastructure and improve operational efficiency. The MoU was signed on the sidelines of the Egypt Energy Show 2026, attended by President Abdel Fattah Al-Sisi.