Ethiopian minister posts about the massive oil verified to be in Ogaden basin.

[Abba Sadacha]

@Abba Sadacha tge region where the oil is discovered in Ogaden is Called Shilabo, it was historically it settled by Marehan in the time of Haile Salasie, even today Shilabo is majority Marehan Town reer Dini.

Well, for some reason he said ogaden basin. So what do the locals there say? or the elders and leaders? do they agree with the fund sharing deal, or not, or ...?
Personally, I don't want to see somali's divided along clan lines, but that's for you guys to handle. all I can do is make du'a for you guys and leave it to Allaah.

 

[DR OSMAN]

News: Ethiopia’s first certificate on gas reserves shows presence of seven trillion cubic feet in Ogaden Basin​

AUGUST 26, 2022


The oil and gas reserve certificate handing over ceremony at the ministry of Mines and Petroleum

Addis Abeba – The Ministry of Mines & Petroleum today received the first gas reserves certificate following the completion of a four month study verifying the extent of oil and natural gas reserves in Ethiopia and how to extract them. The study document revealed the the presence of seven trillion cubic feet (TCF) in the Ogaden Basin, located in Somali regional state.

The certificate was handed over to Takele Uma, Minister of Mines and Petroleum, by the American company Netherland, Sewell & Associates, Inc (NSAI), American based petroleum property analysis and consulting firm with offices in Dallas and Houston,Texas, which conducted the study.

Speaking at the handing over ceremony of the document, presence of the new study helps to create a system of accountability, the Minister said, adding works were underway to materialize the study into practice.

“This document is a confirmation certificate of Ethiopia’s natural gas volume and economic viability. With this certificate, we can invite companies with technological, financial and investment potential at the international level. It also empowers the government’s bargaining power,” Takele said.

Minister Takele further said that in the past, it was only known that that oil and natural gas reserves existed in Ethiopia, but not the amount. “I believe it [the certificate] will also be a good wake up call to the companies that are holding our wealth captive with misinformation.”

It is to be recalled that in March this year, the Ministry issued a list of conditions to be met by Chinese owned POLY-GCL Petroleum Group Holding Limited, related to its years of activities in the Ogaden Basin. The Ministry warned the company that failure to comply with the ultimatum will result in the “termination of the PPSAs… without a need for further notice.”

The letter, seen by Addis Standard, says that the Ministry is “convinced that POLY-GCL failed to maintain the required financial capability and it is necessary to take corrective measures to that effect.” Accordingly, the Ministry set three ultimatums to be met by the petroleum group.

However, the Minister did not mention the names of companies in his remark today. In December 2021, the ministry had donated 50 million birr that it said was collected from mining and oil companies operating in the Somali regional state to the regional president Mustafe Omer. The money was earmarked to build infrastructure facilities in the region, including schools and health facilities.

In October 2019, Dr Kuang Tutlan, then State Minister of Mines & Petroleum announced a new formula which was being devised outlining revenue share between the federal government and regional states where oil exploration incomes are generated from. According to Dr. Kunag, the revenue share formula will see 50% share for the federal government and the remaining 50% will be disbursed to a given regional state where the resource is found.

Out of the 50% revenue to be disbursed for a given region where the resource is found, 10% of it will be allocated for the specific area where the resources is found, while the remaining 40% of it will be for other parts of the region including the specific area where resource is found. Out of the 50% federal revenue, the 25% will be disbursed to other regional states, Dr Kuang Tutlan said at the time. It is not clear if the formula was implemented since. AS

 

[DR OSMAN]

Notice they won't 'recognize oil reserve amounts' which naturally exists alongside natural gas. I like the federal and regional production sharing agreement. 50/50. 10% goes to local district it's found and 40% for other ogaden regions.

The reason they won't touch the oil part is.

1. Global supply disturbance, you need OPEC to decrease production to allow your country to produce. What country will decrease it's production unless your solid 'ally' or for some other trade off.

2. You need to source a 'market' that will be serviced. There no point having plenty of oil but no market that will touch it.

3. Political stability. No country will tie it's oil lifeline to an unstable or corrupt shit hole.

So untill I see those 3 areas answered, please stop promoting this oil fiction in Somalia. Yes Somalia has oil. But no market will touch it, opec will oppose cutting down production to accomodate somalia and final nail in the oil coffin, it's politically unstable. All indicators not favorable for oil companies to come near.

 

[codewebsduh]

Most of the money will be siphoned off to Addis Ababa. It's a rort , even the cleaners at these stations are Amxaaro.

 

[DR OSMAN]

@codewebsduh amharo are not HAGS, they won't disturb political stability and have these companies flee due to internal rebellions. You have way to much faith in the south, you will just be waiting for 99 years, but at least PL will enjoy independence if I get my way. All i refuse is that I sit there generation to generation with u, I am against that.

PIM is coming waryaa and I am creating the framework that can satify the I.C, SFG, unionists/separatist. This 99 year treaty satisfies the separatists, 25 year federal union reviews satisfies the unionists and the I.C that we are still federalist and our independence arrangement is for a 99 year period.

 

[bidenkulaha]

@codewebsduh amharo are not HAGS, they won't disturb political stability and have these companies flee due to internal rebellions. You have way to much faith in the south, you will just be waiting for 99 years, but at least PL will enjoy independence if I get my way.

They’ve failed to drill in Galbeed because of political instability for decades. Doubt it changes but maybe the 40th times the charm

 

[Oday-yar]

Mashallah landheer Ogaden laakin do the public support ONLF? I know some don’t cause of the name

Yes but only ogadens do. Also onlf doesn’t have access to heavy weapons or money to engage in a long drawn out battle and if we did, xabashia would probably bomb jigjiga and godey every day like they are doing in mekele to tplf, to force them to submit. Basically to defeat them we need heavy weaponry, reliable supply of money and someone to big and powerful to lobby for our case in the international stage. No other way to win.

 

[Oday-yar]

@Abba Sadacha tge region where the oil is discovered in Ogaden is Called Shilabo, it was historically it settled by Marehan in the time of Haile Salasie, even today Shilabo is majority Marehan Town reer Dini.

Kkkk midkaan laangaab with no land claiming everything.

 

[Velœcity]

Yes but only ogadens do. Also onlf doesn’t have access to heavy weapons or money to engage in a long drawn out battle and if we did, xabashia would probably bomb jigjiga and godey every day like they are doing in mekele to tplf, to force them to submit. Basically to defeat them we need heavy weaponry, reliable supply of money and someone to big and powerful to lobby for our case in the international stage. No other way to win.

The only powerful enemy Ethiopia has, would be Egypt. Maybe ask them, we already know that they most likely fund TPLF, does ONLF currently have a source of funding?

 

[Aurelian]

Not bad, not bad at all(Maybe). It's exactly the same deal Somalia has.

Lol you just hate Somalia.

shitty deals, look at onshore profit divide, 30% for the producing state, and 20% to non producing state.

 

[peacemaker]

LOL, you seem pretty mad there, buddy. I think being a nomad in the hot ogaden deserts must be taking a toll, ay? Why not be peaceful farmers like your brothers in southern Somalia? Pray your daily salah, farm, chill with family, and not fight over clans that are really your blood relatives and most importantly relatives in Deen?

It's not for me to decide what happens back home, but for those involved. ONLF is not gonna take up arms again, unless things get desperately bad, which I don't see happening. You should be hoping for peace, at least in your region, and a 50-50 split of funds is not bad, even other Somali's here agree for the most part?

says the Galla ahmarised and forced to speak a language and change his religion and culture

talk all you want Galla, you aint getting a drop of that oil insha Allah or gas, stronger Ethiopian leaders have tried and failed, ONLF will not pick up weapons , but that oil is not going anywhere insha Allah, ethiopia is burning and you are day dreaming

ever wonder why a far more pro western and powerful haile seasli and Zenawi failed? kkkkk, the owners of the land will not be taken for easy, and its not somali, they are OGADEN

ahmaar Galla peasant better you focus on your house burning down by OLA and ahmaar burning oromo daily

 

[bidenkulaha]

shitty deals, look at onshore profit divide, 30% for the producing state, and 20% to non producing state.

There’s 5 states in Somalia so 5% to each non producing state.

 

[Aurelian]

There’s 5 states in Somalia so 5% to each non producing state.

So, not outside Somali galbeed states will get revenue? I heard the FG will take shares, the member State will take some, and other Federal members will take some as well

 

[Rationale]

shitty deals, look at onshore profit divide, 30% for the producing state, and 20% to non producing state.

State gets 50% it just divided between the oil producing district and the state in a ratio of 30% to FMS and 20% to the district.

 

[TekNiKo]

Mashallah its great news that Brother Abby will start exporting the oil, we fully support him ONLF is now defunct and weak so ita perfect time to drill drill drill!

 

[Aurelian]

Mashallah its great news that Brother Abby will start exporting the oil, we fully support him ONLF is now defunct and weak so ita perfect time to drill drill drill!

Aabo Abiye

 

[Kan'an]

7 trillions of gas ain't much. Tie them with Israel on the 45th spot worldwide. The real question is how much oil is there because gas does not show up alone but a byproduct of oil fields.

 

[Diaspora ambassador]

kkk, never with failed cursed somalia bro, who wants to join alshabab, most isaaq and harti cannot wait to leave, most Ogadens want to take Jubbaland away

thankfully, Somalia cannot claim Ogadeniya since we were never part of somalia colonial borders, unlike isaaq

the plan is to create a free Ogadeniya nation, we can and will help somalia to settle down, even share some oil, but @bidenkulaha has to send an annual quota of hot HAG chicks, we OG want to taste cambuulo at night, we will share energy in return for some HAG malab , OG standard though, only tall and light skin HG beauties, Abgaal hotties can be sheikh like, super sweet and calm, HG will ride you whilst she has AK47

i am open to somali free trade zone to trade like the EU, but never sharing sovereignty with somalia insha Allah,

Maybe we can also take Eritrea one day

 

[Removed]

Damn are people negative on this site. I have no reason to suspect this admin will not hold its end of the financial agreements and development. We have gained more from Ethiopia monetarily then we have lost by a huge margin since 2018. This idea of buying peoples support instead of massacring them is a breath of fresh air.

Our Real gdp growth rate is already astronomical compared to Somalia with an extra 2-4 billion in revenue for the state budget we will far surpass other regions. As we’ve seen in Somalia a poor state with no internal revenue is a Gareen state.

They’ve failed to drill in Galbeed because of political instability for decades. Doubt it changes but maybe the 40th times the charm

People are not against the extraction now a 50/50 deal is as good as your gonna get whether you join Somalia or remained in Ethiopia the same amount would be in the states hands.

 

[DR OSMAN]

@Removed you shouldn't even address this troll. His GM is a basket-case, they don't even have govt facilities, sit outside in trees like monkeys, his hamar is like 'world war 2 military zone' lol, anywhere this prick is, turns to shit.

DDS is very stable