Historical disaster: Hassan Sheikh Mohamud gives Turkey 95% of oil royalties and 90% production
- Thread starter repo
- Start date
TheLand
VIP
The only value you Aabo Siyaad cultists have is your uncanny ability to piss landers off just by your mere existence
How did I offend you too?
no way this guy is a Turk
Johntheoverworld
If specified, this will replace the title
Prolly the only funny the #Black Republican posted
this is what somalians want for us to be slaves and have our resources taken crazy world man.
Turkey and Somalia have entered into agreements granting Turkey exclusive rights to explore and produce hydrocarbons in six blocks—three offshore and three onshore—spanning a combined area of approximately 31,000 square kilometers.
In April 2025, Turkey and Somalia expanded their energy collaboration by signing an agreement for onshore hydrocarbon exploration. This deal permits TPAO to initiate oil and gas exploration across three land blocks covering approximately 16,000 square kilometers in Somalia
The oil and gas cooperation agreement between Turkey and Somalia outlines a revenue-sharing structure that includes:
This arrangement has sparked debate regarding its fairness and transparency. Critics argue that the terms heavily favor Turkey, potentially limiting Somalia's benefits from its natural resources. Proponents contend that the deal allows Somalia to tap into its hydrocarbon potential without bearing the financial risks associated with exploration and development. Nordic Monitor+8Garowe Online+8Radio Dalsan+8Radio Dalsan
The agreement is set for an initial term of five years, with automatic three-year renewals unless either party opts out with at least six months' notice. The Eastleigh Voice News+2Radio Dalsan+2Radio Dalsan+2
As Somalia continues to develop its energy sector, the outcomes of this agreement will likely influence future negotiations and partnerships.
Under the Somalia–Turkey hydrocarbons agreement, Turkey is entitled to recover up to 90% of the annual oil and gas production value as "cost petroleum" to cover its exploration and production expenses before any profit-sharing occurs.
This cost recovery model allows Turkey to recoup its substantial investments—covering seismic surveys, offshore drilling, equipment, and operational expenses—from up to 90% of the annual output. Radio Dalsan
Once costs are recovered, the remaining oil (known as profit petroleum) is shared between Turkey and Somalia. Reports suggest that Turkey will receive 70% and Somalia 30% of these profits. Radio Dalsan
Additionally, Somalia is entitled to receive a royalty capped at 5% from the outset of production, even before Turkey recovers its costs.
This arrangement has sparked debate regarding its fairness and transparency. Critics argue that the terms heavily favor Turkey, potentially limiting Somalia's benefits from its natural resources. Proponents contend that the deal allows Somalia to tap into its hydrocarbon potential without bearing the financial risks associated with exploration and development. WardheerNews+6The Eastleigh Voice News+6WardheerNews+6Radio Dalsan
In April 2025, Turkey and Somalia expanded their energy collaboration by signing an agreement for onshore hydrocarbon exploration. This deal permits TPAO to initiate oil and gas exploration across three land blocks covering approximately 16,000 square kilometers in Somalia
The oil and gas cooperation agreement between Turkey and Somalia outlines a revenue-sharing structure that includes:
- Cost Recovery: Turkey is entitled to recover up to 90% of the annual oil and gas production value as "cost petroleum" to cover its exploration and production expenses before any profit-sharing occurs. WardheerNews+6The Eastleigh Voice News+6Nordic Monitor+6
- Royalties: Somalia is to receive a royalty capped at 5% from the outset of production, even before Turkey recovers its costs. WardheerNews+2Radio Dalsan+2Radio Dalsan+2
- Profit Sharing: After cost recovery, the remaining profit (known as "profit petroleum") is to be shared between Turkey and Somalia. Reports suggest that Turkey will receive 70% and Somalia 30% of these profits. Nordic Monitor+5Radio Dalsan+5Radio Dalsan+5Log in or sign up to view+2Log in or sign up to view+2Log in or sign up to view+2
This arrangement has sparked debate regarding its fairness and transparency. Critics argue that the terms heavily favor Turkey, potentially limiting Somalia's benefits from its natural resources. Proponents contend that the deal allows Somalia to tap into its hydrocarbon potential without bearing the financial risks associated with exploration and development. Nordic Monitor+8Garowe Online+8Radio Dalsan+8Radio Dalsan
The agreement is set for an initial term of five years, with automatic three-year renewals unless either party opts out with at least six months' notice. The Eastleigh Voice News+2Radio Dalsan+2Radio Dalsan+2
As Somalia continues to develop its energy sector, the outcomes of this agreement will likely influence future negotiations and partnerships.
Under the Somalia–Turkey hydrocarbons agreement, Turkey is entitled to recover up to 90% of the annual oil and gas production value as "cost petroleum" to cover its exploration and production expenses before any profit-sharing occurs.
This cost recovery model allows Turkey to recoup its substantial investments—covering seismic surveys, offshore drilling, equipment, and operational expenses—from up to 90% of the annual output. Radio Dalsan
Once costs are recovered, the remaining oil (known as profit petroleum) is shared between Turkey and Somalia. Reports suggest that Turkey will receive 70% and Somalia 30% of these profits. Radio Dalsan
Additionally, Somalia is entitled to receive a royalty capped at 5% from the outset of production, even before Turkey recovers its costs.
This arrangement has sparked debate regarding its fairness and transparency. Critics argue that the terms heavily favor Turkey, potentially limiting Somalia's benefits from its natural resources. Proponents contend that the deal allows Somalia to tap into its hydrocarbon potential without bearing the financial risks associated with exploration and development. WardheerNews+6The Eastleigh Voice News+6WardheerNews+6Radio Dalsan
thats a potential billion barrels of oil man
Pretty shit deal but does include training and purchase of coast guard ships, which would protect our coast of thieves and dumping of chemical waste.
"Turkey has committed to training and equipping the Somali Navy as part of a comprehensive defense agreement signed in February 2024. This 10-year pact aims to enhance Somalia's maritime security capabilities, enabling the country to better protect its territorial waters from threats such as piracy, terrorism, illegal fishing, and foreign interference. The Soufan Center+2Defense News+2AP News+2
Under this agreement, Turkey will assist in reconstructing, equipping, and training the Somali Navy. This support includes developing sea assets and building naval capabilities to safeguard Somalia's maritime interests. Atlantic CouncilThe Soufan Center
The defense cooperation is part of a broader strategic partnership between Turkey and Somalia, which also encompasses economic collaboration, including joint oil and gas exploration initiatives. Turkey's involvement in training the Somali Navy not only strengthens Somalia's defense infrastructure but also reinforces Turkey's strategic presence in the Horn of Africa.
In addition to the recent agreements, Turkey has been actively involved in Somalia's military development since 2017, when it established Camp TURKSOM in Mogadishu. This facility serves as Turkey's largest overseas military base and functions as a defense university, providing training to Somali military personnel. Columbia Political Review+6Wikipedia+6Wikipedia+6
Through these initiatives, Turkey aims to bolster Somalia's maritime defense capabilities while securing its own economic interests in the region."
What a joke of a parliament. So they voted on a bilateral deal with another country without even seeing it? 
Here is CCW saying I'll see the deal when it is brought to the Turkish parliament.
Here is CCW saying I'll see the deal when it is brought to the Turkish parliament.
TheLand
VIP
There is a famous picture of a Somali parliamentarian holding a booklet upside down whilst pretending to read. Wish I could find it.What a joke of a parliament. So they voted on a bilateral deal with another country without even seeing it?
Here is CCW saying I'll see the deal when it is brought to the Turkish parliament.
TheLand
VIP
That’s crazy cause the one I’m talking about is more recent. This proves they are all illiterate
Garaad Awal
Former African
For Jabartis maybe especially Marexaans like @Bahal Neo-Kacaanists like him should free their lands from foreigners instead of wet dreaming about their retarded daddy Afweyne.
is there no way around this whats the point in having oil if we're gonna molested what did the saudis get that made them rich
If Puntland start drill oil, we will make sure moryaans will nor recieve one shillin from us.
Trending
-
Black Americans go to Palestine to help and get called racial slurs 💀- Started by Dibleyy
- Replies: 157
-
-
Latest posts
-
Breaking! Trump To Start Garnishing Wages Of Student Borrowers In Default!- Latest: The truth seeker
-
-