Kenya-Somalia maritime border feud will fester

Significance

Nevertheless, Somalia has insisted that no specific agreements were made on the border dispute itself.

Impacts

• While the parties have already submitted their cases, the ICJ is yet to set a hearing date and a final judgment could still take years.
• While offshore oil potential is believed significant, commercial reserves are not proven and past exploration inland has disappointed.
• Investors are unlikely to make any financial commitments to the oil prospects in question until the dispute is conclusively resolved.