Historical disaster: Hassan Sheikh Mohamud gives Turkey 95% of oil royalties and 90% production

[repo]

 

[Bo$$man]

This is 1 step away from slavery

 

[shakir2]

This is 1 step away from slavery

This is slavery on steroids, how on earth you give away your whole resource just for them to defend you against another somali, tbh we normalized every thing inlcuding slavery, I saw some people celebrating cuz turkey gonna send its mercenaries to muqdisho

 

[shakir2]

HSM and his 4km paper regime should be declared national threat and ask him to resign immediately

 

[Cumar Cowl]

What could they possibly give HSM for him to sign this ? This deal went through the parliament and it can't get cancelled.

 

[Midas]

I saw another post on Twitter talking about this. If this is all true then heads are gonna roll. Hsm better be ready to fight for his life because once this spreads all over somali media people are gonna riot.

 

[The Oponian Guild]

I saw another post on Twitter talking about this. If this is all true then heads are gonna roll. Hsm better be ready to fight for his life because once this spreads all over somali media people are gonna riot.

if the FGS falls won’t the deal be null and void? The new government (whomever they may be) have a right to wave all those previous agreements away and order the Turks out.

 

[Midas]

if the FGS falls won’t the deal be null and void? The new government (whomever they may be) have a right to wave all those previous agreements away and order the Turks out.

Do you mean if a new president is elected? I don't think the deal would be that's easy to get out of.

I'm honestly still having a hard time believing this is real. Like how could anybody sign a deal this inanse? With how unstable and crazy things have been recently in somalia. When this news spreads across the country it might be the match that lights the fuse.

 

[Johntheoverworld]

Guul HSM! Art of the Deal MA

 

[The Oponian Guild]

What could they possibly give HSM for him to sign this ? This deal went through the parliament and it can't get cancelled.

The guy is a looter and plunderer. He’s accepted that he won’t rule Somalia in its entirety so he’s taking advantage of the state apparatus to plunder unabated. Whatever he’s accepted, it can’t be more than 50 to 100 mill. Not even the Turks would lavish such a creature like him.

You want know how unpopular he is with Somalis? here’s a fact, he hasn’t once spoken at or been invited to any diaspora Somali event or conference nor has he made an effort to take part in one, since his reelection. Whereas other presidents have. He knows he’s reviled, and he doesn’t care.

 

[The Oponian Guild]

Do you mean if a new president is elected? I don't think the deal would be that's easy to get out of.

I'm honestly still having a hard time believing this is real. Like how could anybody sign a deal this inanse? With how unstable and crazy things have been recently in somalia. When this news spreads across the country it might be the match that lights the fuse.

No I mean if the FGS collapses or is replaced, and it probably will in the future, Whatever succeeding government or state entity surely won’t recognise the deal will they? They have a right to render it null and void in the case that turkey demands compensation?

 

[AlteKartel]

None of us are oil experts, so I ran the documents through ChatGPT to better understand the details. The results are concerning. In short, Türkiye benefits from paying unusually low royalties on gross production. (A royalty is a fixed percentage paid to the host country from total production, regardless of whether the project is profitable.)

On top of that, Türkiye is allowed to recover a much higher portion of production costs, up to 90%, before any profits are shared. Even more troubling, they can unilaterally inflate the reported project costs by adding supplementary security expenses, which are also recoverable. This means they can effectively raise the cost of the project and delay profit-sharing further. If we ever take issue with this we would have to dispute it with the Turkish government in a Turkish court

GPT Output
——————————————————————
Türkiye can recover up to 90% of production before profits are shared — unusually high by global standards.

2. No Signature Bonus or Upfront Fees
TPAO is exempt from payments commonly required in other countries, such as entry fees or bonuses.

3. No Local Content Requirements
TPAO has no obligation to hire Somali workers, use Somali companies, or purchase local goods.

4. Unrestricted Transfer of Rights
TPAO can assign its rights to others without needing Somali government approval.

5. Dispute Resolution Located in Türkiye
All arbitration takes place in Istanbul, giving Türkiye home-court advantage in any legal disagreements.

6. No Requirement for Local Presence
TPAO doesn’t have to set up operations, offices, or physical infrastructure in Somalia.

7. Low Royalty Rate
Somalia’s royalty is capped at 5%, which is significantly below the global average of 10–20%.

 

[Midas]

No I mean if the FGS collapses or is replaced, and it probably will in the future, Whatever succeeding government or state entity surely won’t recognise the deal will they? They have a right to render it null and void in the case that turkey demands compensation?

I'm not sure but that definitely sounds possible.

This is the first time I'm starting to thinking the fgs actually might collapse or be brought to its knees at the very least. This is by far the biggest scandal of any Somali govt if it turns out to be true.

 

[Midas]

I just looked into the source of this article and I'm now somewhat suspicious about how true this is. The website which is called Nordic monitor (an organization based in sweden )reported on this belongs to a guy affiliated with the gulen network that tried to do coup in turkey in 2016. The article writer is also somebody based in Sweden and turkeys been trying to extradite him back to face charges. He'll be instantly arrested if he steps on Turkish soil

It's also kind of weird that they have the document on their website and there's no link to a govt website to download from. It's also in English which now that I think about it is weird for a Turkish govt document

 

[The Oponian Guild]

None of us are oil experts, so I ran the documents through ChatGPT to better understand the details. The results are concerning. In short, Türkiye benefits from paying unusually low royalties on gross production. (A royalty is a fixed percentage paid to the host country from total production, regardless of whether the project is profitable.)

On top of that, Türkiye is allowed to recover a much higher portion of production costs, up to 90%, before any profits are shared. Even more troubling, they can unilaterally inflate the reported project costs by adding supplementary security expenses, which are also recoverable. This means they can effectively raise the cost of the project and delay profit-sharing further. If we ever take issue with this we would have to dispute it with the Turkish government in a Turkish court

GPT Output
——————————————————————
Türkiye can recover up to 90% of production before profits are shared — unusually high by global standards.

2. No Signature Bonus or Upfront Fees
TPAO is exempt from payments commonly required in other countries, such as entry fees or bonuses.

3. No Local Content Requirements
TPAO has no obligation to hire Somali workers, use Somali companies, or purchase local goods.

4. Unrestricted Transfer of Rights
TPAO can assign its rights to others without needing Somali government approval.

5. Dispute Resolution Located in Türkiye
All arbitration takes place in Istanbul, giving Türkiye home-court advantage in any legal disagreements.

6. No Requirement for Local Presence
TPAO doesn’t have to set up operations, offices, or physical infrastructure in Somalia.

7. Low Royalty Rate
Somalia’s royalty is capped at 5%, which is significantly below the global average of 10–20%.

Smash and grab operation. Everyone thought HSMs first term was a disaster but this is term is shaping up to be a bigger disaster, AS defeat the SNA, sabotage and non cooperation with the two D5 FMS, lopsided and shady deals with foreign countries, corruption is rampant.

 

[AlteKartel]

Smash and grab operation. Everyone thought HSMs first term was a disaster but this is term is shaping up to be a bigger disaster, AS defeat the SNA, sabotage and non cooperation with the two D5 FMS, lopsided and shady deals with foreign countries, corruption is rampant.

Tbh I think we wait and see if we can get *actual* official documents. Somalia’s negotiating position is definitely weak but not weak enough for 5% royalties and all of the other nonsense in this agreement.

My hope is that this document is fake and not the *actual* agreement but I wouldn’t put it past the HSM government if this was somehow true. I think we’ll get a good read on if this is true or not within the next couple of days

 

[The Oponian Guild]

I just looked into the source of this article and I'm now somewhat suspicious about how true this is. The website which is called Nordic monitor (an organization based in sweden )reported on this belongs to a guy affiliated with the gulen network that tried to do coup in turkey in 2016. The article writer is also somebody based in Sweden and turkeys been trying to extradite him back to face charges. He'll be instantly arrested if he steps on Turkish soil

It's also kind of weird that they have the document on their website and there's no link to a govt website to download from. It's also in English which now that I think about it is weird for a Turkish govt document

I’ve heard that it’s been leaked by the someone on the Turkish side, the agreement and its various stipulations were always secret, although we know an deal was signed. and was signed probably a year or two ago.

 

[Midas]

Tbh I think we wait and see if we can get *actual* official documents. Somalia’s negotiating position is definitely weak but not weak enough for 5% royalties and all of the other nonsense in this agreement.

My hope is that this document is fake and not the *actual* agreement but I wouldn’t put it past the HSM government if this was somehow true. I think we’ll get a good read on if this is true or not within the next couple of days

Yeah i think I might have been to hasty in assuming this was true. The website which everybody got this from and which is an organization focuses on turkish related matters doesn't seem to have a single positive or neutral article on turkey

 

[GaradMusa]

I just looked into the source of this article and I'm now somewhat suspicious about how true this is. The website which is called Nordic monitor (an organization based in sweden )reported on this belongs to a guy affiliated with the gulen network that tried to do coup in turkey in 2016. The article writer is also somebody based in Sweden and turkeys been trying to extradite him back to face charges. He'll be instantly arrested if he steps on Turkish soil

It's also kind of weird that they have the document on their website and there's no link to a govt website to download from. It's also in English which now that I think about it is weird for a Turkish govt document

Turkey secures rights to 90 percent of oil and gas output in Somalia deal, document shows - Nordic Monitor

Levent Kenez/Stockholm

nordicmonitor.com

“The document, officially titled “Agreement Between the Government of the Republic of Türkiye and the Federal Government of the Federal Republic of Somalia in the Field of Hydrocarbons,” was signed on March 7, 2024, in Istanbul by Turkish Energy Minister Alparslan Bayraktar and Somali Petroleum Minister Abdirizak Omar Mohamed. It was only recently made public as part of parliamentary proceedings.”

I’m not sure why the author claims this since there are several article already on this. For example, this one from the 7th of March, 2024. It was published the same day the deal was signed:

Türkiye ve Somali'den petrol ve doğal gaz alanında iş birliği!

Enerji ve Tabii Kaynaklar Bakanı Alparslan Bayraktar ve Somali Petrol ve Maden Kaynakları Bakanı Sayın Abdirizak Omar Mohamed arasında iki yeni İş birliği

www.defenceturk.net

It is mentioned on the Somali Federal Government’s website:

Federal Government of Somalia Signs Oil and Gas Cooperation Deal with Türkiye - Somali Petroleum Authority

Federal Government of Somalia Signs Oil and Gas Cooperation Deal with Türkiye Abdirizak Omar Mohamed, Somalia’s Minister of Petroleum & Mineral Resources (left) shakes hands with the Turkish Energy Minister Alparslan Bayraktar. (Photo: Somali Petroleum Authority – SPA) In a significant move...

hbs.gov.so

Turkey’s Ministry of Energy too (7 March, 2024):

Türkiye’nin Afrika Boynuzu’ndaki Varlığını Enerji Alanındaki Bu İş Birlikleriyle Güçlendireceğiz

Enerji ve Tabii Kaynaklar Bakanı Alparslan Bayraktar, Türkiye ile Somali arasındaki ilişkileri derinleştirecek önemli bir adım attı. Bakan Bayraktar, Somali Petrol ve Maden Kaynakları Bakanı Abdirizak Omar Mohamed ile iki anlaşma imzaladı.

enerji.gov.tr

I think we should wait until an actual PDF is provided by legitimately reputable Somali and Turkish media outlets.

 

[Midas]

Turkey secures rights to 90 percent of oil and gas output in Somalia deal, document shows - Nordic Monitor

Levent Kenez/Stockholm

nordicmonitor.com

“The document, officially titled “Agreement Between the Government of the Republic of Türkiye and the Federal Government of the Federal Republic of Somalia in the Field of Hydrocarbons,” was signed on March 7, 2024, in Istanbul by Turkish Energy Minister Alparslan Bayraktar and Somali Petroleum Minister Abdirizak Omar Mohamed. It was only recently made public as part of parliamentary proceedings.”

I’m not sure why the author claims this since there are several article already on this. For example, this one from the 7th of March, 2024. It was published the same day the deal was signed:

Türkiye ve Somali'den petrol ve doğal gaz alanında iş birliği!

Enerji ve Tabii Kaynaklar Bakanı Alparslan Bayraktar ve Somali Petrol ve Maden Kaynakları Bakanı Sayın Abdirizak Omar Mohamed arasında iki yeni İş birliği

www.defenceturk.net

It is mentioned on the Somali Federal Government’s website:

Federal Government of Somalia Signs Oil and Gas Cooperation Deal with Türkiye - Somali Petroleum Authority

Federal Government of Somalia Signs Oil and Gas Cooperation Deal with Türkiye Abdirizak Omar Mohamed, Somalia’s Minister of Petroleum & Mineral Resources (left) shakes hands with the Turkish Energy Minister Alparslan Bayraktar. (Photo: Somali Petroleum Authority – SPA) In a significant move...

hbs.gov.so

Turkey’s Ministry of Energy too (7 March, 2024):

Türkiye’nin Afrika Boynuzu’ndaki Varlığını Enerji Alanındaki Bu İş Birlikleriyle Güçlendireceğiz

Enerji ve Tabii Kaynaklar Bakanı Alparslan Bayraktar, Türkiye ile Somali arasındaki ilişkileri derinleştirecek önemli bir adım attı. Bakan Bayraktar, Somali Petrol ve Maden Kaynakları Bakanı Abdirizak Omar Mohamed ile iki anlaşma imzaladı.

enerji.gov.tr

I think we should wait until an actual PDF is provided by legitimately reputable Somali and Turkish media outlets.

This is the guy who started and owns Nordic monitor.