Major Update on Oil deal

[Barkhadle1520]

Somalia to Announce First Oil Drilling Site in December — Energy Partnership with Türkiye Reaches Final Stage

Somalia is edging closer to a historic milestone in its oil exploration journey, as the Somali Petroleum Authority (SPA) confirmed that the country’s first drilling site […]

hornpulse.com

Apprently they're going to announce the spots that are going to be drilled and what the Oruc Reis found in Ankara, date is going to be between December 1st and 7th

 

[Barkhadle1520]

So HSM didnt lie when he said in a few months

 

[Midas]

Were gonne have to close the borders so that when Ethiopia collapses the hordes don't come flying in

 

[Mohamedamiin120]

Were gonne have to close the borders so that when Ethiopia collapses the hordes don't come flying in

WHAT border bro, Ethiopia is on both sides of it!

 

[Barkhadle1520]

Were gonne have to close the borders so that when Ethiopia collapses the hordes don't come flying in

Spoiler

You don't have permission to view the spoiler content. Log in or register now.

Instead lets talk about how this deal could change the country, very excited to know what they have to offer, if its only one oil rig im going to be very disappointed tho

If TPAO try to move at least 5 rigs FGS is going to be making insane amounts of money, before recovery 1.8 billion USD at current prices and after recovery 4.2 billion usd, a huge boost from their 1 billion usd annual budget which is 60% funded by c6

 

[Pastoralist]

Spoiler

You don't have permission to view the spoiler content. Log in or register now.

Instead lets talk about how this deal could change the country, very excited to know what they have to offer, if its only one oil rig im going to be very disappointed tho

If TPAO try to move at least 5 rigs FGS is going to be making insane amounts of money, before recovery 1.8 billion USD at current prices and after recovery 4.2 billion usd, a huge boost from their 1 billion usd annual budget which is 60% funded by c6

The end of al shabaab inshallah, the country hasn’t been making its own decisions in due part to the c6.

 

[iley]

The end of al shabaab inshallah, the country hasn’t been making its own decisions in due part to the c6.

Insha Allah

 

[Barkhadle1520]

The end of al shabaab inshallah, the country hasn’t been making its own decisions in due part to the c6.

Lol you really think c6 was like "Hey we giving you billions to defeat shabaab but dont defeat them ok"

 

[Pastoralist]

Lol you really think c6 was like "Hey we giving you billions to defeat shabaab but dont defeat them ok"

Not sure where you got that, nigga with a Epstein picture. Al shabaab is a Somali rooted issue.

Things that Somalia has been forced to keep in wraps because of IC include irredentism, its military size, the weapons it has access to etc.

 

[Barkhadle1520]

Things that Somalia has been forced to keep in wraps because of IC include irredentism, its military size, the weapons it has access to etc.

Are you referring to the embargo ? That was lifted last year

 

[Barkhadle1520]

The full speech

 

[Mohamedamiin120]

The full speech

Shit it's in GM....


Clan wars fueled by oil is not something I want to see in a few years...

 

[Barkhadle1520]

Shit it's in GM....


Clan wars fueled by oil is not something I want to see in a few years...

Lol its offshore, unless they go and claim something 50kms from the shore on speedboats I dont see a problem

I think Galmudug gets like 10% since its in their waters, for the most under-funded state in Somalia with the smallest population this is huge, I hope they get the oil industry jobs so they can stop killing each others

Galmudug will not be a problem they literally only have 1 million people and one city and like 4 highways the whole state can be developed with less than a billion, believe me if that oil money ever comes their way you wont hear them fighting for water or other dumb things

 

[Mohamedamiin120]

Lol its offshore, unless they go and claim something 50kms from the shore on speedboats I dont see a problem

I think Galmudug gets like 10% since its in their waters, for the most under-funded state in Somalia with the smallest population this is huge, I hope they get the oil industry jobs so they can stop killing each others

Galmudug will not be a problem they literally only have 1 million people and one city and like 4 highways the whole state can be developed with less than a billion, believe me if that oil money ever comes their way you wont hear them fighting for water or other dumb things

I really hope so!

 

[Barkhadle1520]

I really hope so!

From SPA website

Here is the model FGS says they will follow, FGS holds 10% of SONOC and FMS hold 15%, with the other 75% of shares distributed to big Somali Oil companies like Hass and SFC

I think its a great way of distributing the wealth to the population

They're basically trying to make SONOC the Somali Petronas of Malaysia, wonder if this will work

Spoiler

You don't have permission to view the spoiler content. Log in or register now.