Somalia m of proven natural gas reserves. Due to its proximity and geological similarity to the oil-rich Gulf Arab states such as Yemen, energy industry representatives believe that the nation contains substantial unexploited reserves of oil. However, the presence or extent of proven oil reserves in Somalia is uncertain. The CIA asserts that there are no proven reserves of oil in the country, while UNCTAD suggests that most proven oil reserves in Somalia lie off its northwestern coast, in the Somaliland region. A survey of the horn of Africa Africa by the World Bank and UN ranked Somalia second only to
South West State of Somalia South West State of Somalia The South West State of Somalia (), also known as the Interim South West Administration, is an autonomous region in southwestern Somalia. It was founded by Hasan Muhammad Nur Shatigadud, leader of the Rahanweyn Resistance Army (RRA) on 1 April 2002. After its dissolution in 2005, the territory was re-established in November 2009 as an official Federal Member State of Somalia. The territory was known as the Southwestern State of Somalia (SWS) (Somali: "Dowlad Goboleedka Koonfur-Galbeed ee Soomaaliya"), and intended to consist of six Somali administrative regions ("gobolka"): Bay, Bakool, Middle Juba ("Jubada Dhexe"), Lower