Royal Dutch Shell and Exxon Mobil have paid $1.7 million to Somalia to lease offshore blocks for 30 years, the country’s state news agency reported on Friday.
“Shell/Exxon Mobil have paid $1.7 million to Somalia as the preliminary rent for 30 years,” SONNA reported.
Shell and Exxon Mobil had a joint venture on five offshore blocks in Somalia prior to the toppling of dictator Mohamed Siad Barre in the early 1990s.
The country has been mired in insecurity since Barre left and is battling Islamist group al Shabaab that frequently carries out bombings in the capital Mogadishu and elsewhere in the country.
In June, the oil ministry announced that the two companies were looking to return to Somalia ahead of an oil block bid round later this year.
https://hiiraan.com/news4/2019/Oct/..._to_pay_1_7_million_for_oil_blocks_lease.aspx
I really do hope this is fake news or it is over for these people LOL
they act like the 30 years caveat is an excuse or something
farmaajo might actually be the worst president in world history if this is true, not even the dumbest or most corrupted politicians of all time would sell billions of dollars worth of sea and oil for the worth of an average sanfransisco house
