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Monday, June 9, 2014
Reports out of Kenya have the country close to reaching a deal with Somalia over the disputed maritime border. The dispute flared up when Kenya started licensing exploration blocks in the area. The government said the two countries were in discussions to resolve the matter.
“Kenya and Somalia are in discussion with regards to their respective submissions to the UN Commission on the Limits Continental Shelf,” Kenya said in its preliminary prospectus for a planned Sh132 billion Eurobond.
The two nations had signed a MoU five years ago that had the maritime border running east along the line of latitude, but Somalia rejected the agreement in parliament.
According to the UN Convention on the Law of the Sea, all countries that border the ocean are allowed to use the 200 nautical miles into the ocean for exclusive economic purposes without interference from other countries. Kenya formally laid claim to an additional 103,320 sq km off its coastline, beating out an April 13 2013 deadline that was set for the submissions. Without the submission the issue would have been decided by the International Seabed Authority (ISA).
Kenya is also in talks with Tanzania over the demarcation of their shared maritime border as the scramble for offshore resources intensifies in East Africa. Tanzania made a late claim in 2012 for its share of the Indian Ocean territory.
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