OPINION Can Farmaajo's Government Be Trusted With Somalia's Oil?

[Dalalos_ibn_Adali]

50% for district alone will give half revenue to Kismayo, Badhaade & Jamaam districts by far the largest being Ksimayo. What are going to build there another Burj Khalifa?


That's not an equitable share. 10 & 20% are more than enough for district, the state will get 30% so it can balances with other districts within it's jurisdiction that has no sea access and the rest goes to FGS & FMS. You're talking about 200k people per district awarding them 50% is too disproportional. At the end of the day Jubaland is part of Somalia.

I am sure they have demands and can invest accordingly, if they don't its entirely up to them, there is no reason to be jealous. I want resource sharing to be at the district level, looking at Shilaabo in Ethiopia, FGE takes biggest cut, gives crumbs to DDS, who then gives a tiny portion to Qoraxeey zone, and Shilaabo gets nothing but mag payments when people die drinking contaminated water due to extraction.

Now imagine if Shilaabo got the lion share, Qoraxey got the next biggest share, ,and Jigjiga and FGE got the smallest share, I am sure people of Shilaabo would not be dependent on FGE development request as their local budget would skyrocket and they can build and invest in their woreda or elsewhere through private investments. This is how things should be done in a decentralized federal system.

Obviously we could add a clause investments must be inside the country, as a form of regulating their use of the capital. Anything more would defeat the purpose of decentralization and we might as well stick to big brother central government from Mogadishu.

 

[reer]

I am sure they have demands and can invest accordingly, if they don't its entirely up to them, there is no reason to be jealous. I want resource sharing to be at the district level, looking at Shilaabo in Ethiopia, FGE takes biggest cut, gives crumbs to DDS, who then gives a tiny portion to Qoraxeey zone, and Shilaabo gets nothing but mag payments when people die drinking contaminated water due to extraction.

Now imagine if Shilaabo got the lion share, Qoraxey got the next biggest share, ,and Jigjiga and FGE got the smallest share, I am sure people of Shilaabo would not be dependent on FGE development request as their local budget would skyrocket and they can build and invest in their woreda or elsewhere through private investments. This is how things should be done in a decentralized federal system.

Obviously we could add a clause investments must be inside the country, as a form of regulating their use of the capital. Anything more would defeat the purpose of decentralization and we might as well stick to big brother central government from Mogadishu.

shilabo is under military occupation. it will never get its xaq. oil is perfect for centralization and rapid modernization like iraq oman saudi arabia instead of crappy somali fiefdoms.

 

[codewebsduh]

Delusional people in this thread, talking about oil extraction in Somalia.

 

[SPMLegend]

90% shares will go to oil producing states. 5% to the federal government based in Mogadishu. 5% to the local neighboring districts within those oil states.

 

[Kanan]

Delusional people in this thread, talking about oil extraction in Somalia.

Realistically even if Al Shabaab are defeated today it will take another 7 - years to produce oil. People think this is an easy field. It requires billions in explorations & upfront set up costs for oil production.


Somaliland & Puntland are stable enough for oil companies to come but that's unlikely to happen before constitution is finalized.

 

[Woke1.4rm.Shibis]

What regions have a lot of oil onshore?

There is onshore oil from afgooye to qoryoole and also in galmaduug .

 

[AMusee]

 

[Sheikh Kulkuli]

Turks are are foreigners and have no right to loot somalia resources.

 

[AMusee]

 

[mr steal your naag]

Turks are are foreigners and have no right to loot somalia resources.

You know these somali politicians are getting paid under the table

 

[bidenkulaha]

Turkey tbh is a good partner for oil. They’ll provide Navy support and stand up to international pressure.

The issue is Turkey is no stranger to corrupt deals that benefit the government. Erdogan and his bus mates in the 90s are all ‘self-made billionaires’ lol.

We need international oversight on any potential revenues from oil and gas. How disgusting would it be to see Somali oligarchs buying Premier League football clubs all of a sudden.

 

[AMusee]

Turkey tbh is a good partner for oil. They’ll provide Navy support and stand up to international pressure.

The issue is Turkey is no stranger to corrupt deals that benefit the government. Erdogan and his bus mates in the 90s are all ‘self-made billionaires’ lol.

We need international oversight on any potential revenues from oil and gas. How disgusting would it be to see Somali oligarchs buying Premier League football clubs all of a sudden.

Even Abdirahman Abdishakur famously admitted Farmaajo is not corrupt at all. Systems will be put in place to ensure it is not looted by politicians.

 

[IPushFatKids]

Turks are are foreigners and have no right to loot somalia resources.

We would not be capable of exploiting these resources ourselves even given 100 years, no cap.

With zero contribution to capex, 50-50 is fair deal. Gov can use those funds to to develop other fields/projects for more ownership.

further, it’s important Somalia establishes a track record of successful investments by foreign companies & shows the world that there is money to be made here.

 

[Jiron]

I have huge trust in our government and I also believe turkey is our closest ally, we are in good hands my brother and sisters.

 

[TekNiKo]

Turkey tbh is a good partner for oil. They’ll provide Navy support and stand up to international pressure.

The issue is Turkey is no stranger to corrupt deals that benefit the government. Erdogan and his bus mates in the 90s are all ‘self-made billionaires’ lol.

We need international oversight on any potential revenues from oil and gas. How disgusting would it be to see Somali oligarchs buying Premier League football clubs all of a sudden.

Yup Turkish Navy is amazing and Kenya stands no chance lol.

 

[Sheikh Kulkuli]

We would not be capable of exploiting these resources ourselves even given 100 years, no cap.

With zero contribution to capex, 50-50 is fair deal. Gov can use those funds to to develop other fields/projects for more ownership.

further, it’s important Somalia establishes a track record of successful investments by foreign companies & shows the world that there is money to be made here.

Somalia still doesnt have a viable govt the regime we are talking ajout in Villa somalia would swindle the money and use some to support coflict in Somalia.

 

[Sheikh Kulkuli]

Even Abdirahman Abdishakur famously admitted Farmaajo is not corrupt at all. Systems will be put in place to ensure it is not looted by politicians.

Not corrupt ye vetoedd Ikrans murder inquiry?

So Abdiraxman Abdi shakur is trust worthy you think the idiot that sold o somalia waters o which Kenya was mysteriously offered 30% after farmajo replaced theboriginal lawyers representing Somalia.
Farmajo is corrupt to the core and is one of the most incompetent puppet leaders that Somalia ever heard.

We also dont know yet about the Tripatriate deal.When it resurfaces its going to be explosive.

 

[SPMLegend]

Turkish regime only sought out to loot Somalia in order to fix their crippling Lira. If Somalia resisted the terrorist regimes of Ethiopia,Eritrea,and Qatar then Turkey is no different.

 

[Sheikh Kulkuli]

Turkish regime only sought out to loot Somalia in order to fix their crippling Lira. If Somalia resisted the terrorist regimes of Ethiopia,Eritrea,and Qatar then Turkey is no different.

Erdogan is a fake person who pretends to be a muslim reformer in Turkey.

Turkey is tyrning into another chinese manace in Africa.Theybare also involving themselves in Ethiopian war and giving Abye regime drones.

Indont know what tangible thing Turks have done for Somalia.
They have ventured into businesses in Somalia and hardly pay coporation tax.

 

[SPMLegend]

Erdogan is a fake person who pretends to be a muslim reformer in Turkey.

Turkey is tyrning into another chinese manace in Africa.Theybare also involving themselves in Ethiopian war and giving Abye regime drones.

Indont know what tangible thing Turks have done for Somalia.
They have ventured into businesses in Somalia and hardly pay coporation tax.

Criminal Erdogan only uses Islam to portray his regime as benevolent. He believes mostly in Secularist dog Attaturk and his ideologies.