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

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 story by Drazen Jorgic and Louis Charbonneau, in Reuters.