How should the oil be shared?

Farm

VIP
What do you think the state/fed split should be? Also what happens if a oil block is in between two states? And how will a national oil company affect things, should each state have their own state company?

Feel free to add any other questions or comments.
 

SomaliMVP

Somali chauvinist
Back to the 18 gobols with 1 National oil company and the oil being shared per capita. The excess income should go into a sovereign wealth fund. That way the oil is shared fairly and the whole country will be developed.
 

Farm

VIP
What about the federal state doesn't have soma oil block on its off shore ? :pachah1:

Stop shitting up my thread they all do, Spectrum even stated that every state that borders the Indian Ocean has massive offshore potential (at this point you have to be trolling).. besides aren’t you from Somaliland?

:cosbyhmm:
this thread is about the share and other questions such as if a block crosses between two states, the questions are for the people of the federal republic of Somalia..

As I forgot to add my suggestion in the OP my ideal would be around 80/20 in favor of the states.
 
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Farm

VIP
Back to the 18 gobols with 1 National oil company and the oil being shared per capita. The excess income should go into a sovereign wealth fund. That way the oil is shared fairly and the whole country will be developed.

I disagree, we are never going back to the 18 regions, that’ll just cause more problems/wars besides some of them have seceded, we should give more power to the federal states over their resources.
 
Stop shitting up my thread they all do, Spectrum even stated that every state that borders the Indian Ocean has massive offshore potential (at this point you have to be trolling).. besides aren’t you from Somaliland?

:cosbyhmm:
this thread is about the share and other questions such as if a block crosses between two states, the questions are for the people of the federal republic of Somalia..

As I forgot to add my suggestion in the OP my ideal would be around 80/20 in favor of the states.
Yes sxb they have potential but there are 15 blocks which Somalia was offering. :mjcry:
 

Farm

VIP
Yes sxb they have potential but there are 15 blocks which Somalia was offering. :mjcry:

Yes, because PL refused the auction. At least do research before spewing bs and looking salty sxb.

Now stop derailing my thread and make a UAE Berbera port thread.
 
Back to the 18 gobols with 1 National oil company and the oil being shared per capita. The excess income should go into a sovereign wealth fund. That way the oil is shared fairly and the whole country will be developed.
The problem with that is the unequal population distribution of the gobols. The southern gobols are much less populated and more numerous. It is the result of sasabaad politics of marxuunka siad barre. If heads are counted many tribes that like to think theyre numerous would be exposed to fara ku tiris.
 
What do you think the state/fed split should be? Also what happens if a oil block is in between two states? And how will a national oil company affect things, should each state have their own state company?

Feel free to add any other questions or comments.
Before we talk about state and fed sharing, whats the split between somalia and the drilling company?I think it was 49/41 or something
 

World

VIP
Each state should pay 10% to the Federal government.
If there are tens of billions of barrels of oil as suggested, then the federal states don’t need more 5-15 %. That’s tens billions of dollars. Rest should go to the FGS.
 

kickz

Engineer of Qandala
SIYAASI
VIP
If there are tens of billions of barrels of oil as suggested, then the federal states don’t need more 5-15 %. That’s tens billions of dollars. Rest should go to the FGS.

The Feds state will also have their own money from their block. But 90% should go to the states, its fair, everyone will be beyond rich sxb
 
image.thumb.png.691958d4ea0019a7b662a0e5cb5264d4.png

Im finding information on the oil of every states except puntland. @Farm xaaladda shidaalka puntland waa see?
 

World

VIP
The Feds state will also have their own money from their block. But 90% should go to the states, its fair, everyone will be beyond rich sxb
No it’s not fair in my opinion. A desert region having tens of even hundreds of billions of dollars to themselves is ridiculous. Should be 90 % to the FGS and 10 % to the states.
 

Farm

VIP
View attachment 65843
Im finding information on the oil of every states except puntland. @Farm xaaladda shidaalka puntland waa see?


This is why sxb.

Puntland Petroleum and Minerals Agency (PPMA) is very concerned about the illegal activities of two foreign companies conducting seismic operation activities offshore Somalia without the legal and constitutional mandate to do so. PPMA warns the Federal Government of Somalia (FGS) and the two companies – Norway’s Spectrum ASA and China’s BGP Inc. – about the unconstitutional nature of their seismic activities, which could derail the delicate peace and ongoing federalization process in Somalia. PPMA urges these two companies to cease and desist their operation in Somalia immediately and without delay.

In September 2015, PPMA informed the Federal Government, Spectrum ASA and BGP Inc., about its concerns over their illegal and unconstitutional operation. Despite these warnings and concerns, Spectrum ASA and BPG Inc., decided to collect data from Somalia’s Indian Ocean territorial, contiguous and economic exclusive zone (EEZ) (see the PPMA’s legal arguments attached here). As a result of that, any data collected under this unconstitutional scheme is stolen data. In addition, PPMA warns international oil companies, potential payers and current underwriters that if buying any data from these companies equates to illegally obtaining stolen property belonging to the Somali people that was collected dishonestly and illegally by Spectrum ASA and BGP Inc.

PPMA is aware that there is a sinister interest and pressure groups operating in Mogadishu and Nairobi who, in partnership with international oil companies, are currently working together and pursuing their individual, oil companies, foreign Embassies and personal interests. In addition, PPMA is aware that the interest of these partners is to use the Federal Government system to hold on to power and enrich themselves, to support particular oil companies from particular countries at the expense of efforts to rebuild the Somali nation-state.

PPMA reiterates that the Federal Government is a government put together by the Somali people and which exists within the legal framework of the Provisional Federal Constitution. The men and women who head these governmental institutions are there to serve the people, and should not behave as though they are above the law, that the institution is theirs, that the constitution is irrelevant or that the Federal Government is a tool to achieve their individual and sinister interests.

PPMA is now aware that the seismic operation is close to Puntland State waters. In September 2015, PPMA warned the Federal Government, Spectrum ASA and BGP Inc., that they cannot enter Puntland territorial, contiguous and economic exclusive waters to collect data without the permission of the Puntland Government through its line agency – the PPMA. The Agency also warned the parties that Puntland security forces would board any vessel from these companies that illegally enter Puntland waters and will subsequently arrest the crew onboard these vessels. We strongly repeat these warnings. PPMA will use any means that is legally necessary to stop Spectrum ASA and BGP Inc., from entering and stealing data from Puntland waters. PPMA is also aware that the Jubbaland State of Somalia has sent a similar warning to the Federal Government, Spectrum ASA and BGP Inc.

The letter and legal documents sent to the Federal Government and Spectrum ASA in September 2015 are attached here for reference.

https://www.garoweonline.com/en/new...land-warns-of-seismic-survey-offshore-somalia
 

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