Major Update on Oil deal

[Barkhadle1520]

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What region what are you talking about, I mean hass petroleum the company im pretty sure it was bought out by Dahabshil, its HQ in Nairobi

Also there is no oil, just natural gas. Same as the rest of east Africa offshore.

There is oil dont know how you guys are still denying this

 

[TheLand]

What region what are you talking about, I mean hass petroleum the company im pretty sure it was bought out by Dahabshil, its HQ in Nairobi

There is oil dont know how you guys are still denying this

You have no clue what you are talking about kid. Their business in waqooyi was bought years ago by Dahabshiil, not the entire company. It is own by a Dhulbahante sijui guy. You don’t even understand the difference between actual oil and natural gas.

 

[Barkhadle1520]

You have no clue what you are talking about kid. Their business in waqooyi was bought years ago by Dahabshiil, not the entire company. It is own by a Dhulbahante sijui guy. You don’t even understand the difference between actual oil and natural gas.

No pretty sure Dahabshil bought majority % of the company, and you're a retard if you think they're doing all this work for LNG, the world has plenty of LNG right now and the infrastructure cost to store, transform and export LNG is not worth it if you dont got insane capital from the start like Qatar

You keep waffling but you didnt bring any receipts, wheres your sources ?

 

[TheLand]

No pretty sure Dahabshil bought majority % of the company, and you're a retard if you think they're doing all this work for LNG, the world has plenty of LNG right now and the infrastructure cost to store, transform and export LNG is not worth it if you dont got insane capital from the start like Qatar

You keep waffling but you didnt bring any receipts, wheres your sources ?

You are the one who claimed HASS is owned by Dhahabshiil. Where are your receipts? Again, you don’t understand what you are saying. There have been no oil shows offshore Indian Ocean or Red Sea. This is where exploration is supposedly ongoing. Show we one country in east Africa with actual offshore oil production. It’s all natural gas. You think Somalia will therefore produce offshore oil? You see how dumb you are, duliyahow? Anyway why do you care, you are a Somalianlander keep your dirty hands off Somalias natural gas huuno. Ictiraafkaaga isaga meereeyso.

 

[Barkhadle1520]

You are the one who claimed HASS is owned by Dhahabshiil. Where are your receipts?

Because it is, do you know how shares work ?

Again, you don’t understand what you are saying. There have been no oil shows offshore Indian Ocean or Red Sea. This is where exploration is supposedly ongoing. Show we one country in east Africa with actual offshore oil production. It’s all natural gas. You think Somalia will therefore produce offshore oil? You see how dumb you are, duliyahow?

I hope you are trolling I refuse to believe someone can be this stupid

Anyway why do you care, you are a Somalianlander keep your dirty hands off Somalias natural gas huuno. Ictiraafkaaga isaga meereeyso.

Dont derail my thread sagajanyohow, we not doing fkd around here

 

[TheLand]

Because it is, do you know how shares work ?

I hope you are trolling I refuse to believe someone can be this stupid

Dont derail my thread sagajanyohow, we not doing fkd around here

This is why that one user who barely posts on here called you ignorant.

 

[Barkhadle1520]

This is why that one user who barely posts on here called you ignorant.

Damn thats crazy

 

[Bursalah]

No pretty sure Dahabshil bought majority % of the company

Just the Somali subsidiary.

Oman still owns 40% of the Hass parent company.

Oman energy firm buys stake in Hass, eyes Africa expansion

Hass Petroleum Group, an oil marketing company, has sold a 40 per cent stake to Oman Trading International, a government-owned firm, for undisclosed value. Hass said in a statement yesterday it will be seeking to invest in new service stations as part of the firm’s strategic expansion plans into...

www.the-star.co.ke

UAE, Qatar, and now the quiet Oman eating off us. Turkey taking a chomp off as well while the Ethiopians and Chinese divy up 85% of Ogaden gas.

They already found oil in the Nugaal Valley;

Range Resources confident of commercial discovery in Puntland

Shabeel-1 well in Puntland, Somalia could produce up to 130mm barrels of recoverable oil, the company’s MD said in an interview today.

www.hiiraan.com

But US shale was too competitive during 2013 so OPEC dumped on the market which led to;

OPEC’s 2014 Bid To Tame U.S. Shale Failed. Will 2025 Be Different?

Another tussle for market share between OPEC and U.S. shale producers is underway. As lower crude prices beckon, will non-OPEC producers be able to hold their own?

www.forbes.com

And now OPEC is doing the same again this year so it might not be economically feasible just yet. Range and Africa Energy (Horn Petroleum) dropped the contracts in 2015 so no one owns the proven oil in Majerteenia.

 

[Barkhadle1520]

Just the Somali subsidiary.

Oman still owns 40% of the Hass parent company.

Whats the parent company's name ? This lowk dont make any sense

They already found oil in the Nugaal Valley;

Range Resources confident of commercial discovery in Puntland

Shabeel-1 well in Puntland, Somalia could produce up to 130mm barrels of recoverable oil, the company’s MD said in an interview today.

www.hiiraan.com

"70 to 130mm barrels" does mm mean millions ?

 

[TheLand]

Just the Somali subsidiary.

Oman still owns 40% of the Hass parent company.

Oman energy firm buys stake in Hass, eyes Africa expansion

Hass Petroleum Group, an oil marketing company, has sold a 40 per cent stake to Oman Trading International, a government-owned firm, for undisclosed value. Hass said in a statement yesterday it will be seeking to invest in new service stations as part of the firm’s strategic expansion plans into...

www.the-star.co.ke

UAE, Qatar, and now the quiet Oman eating off us. Turkey taking a chomp off as well while the Ethiopians and Chinese divy up 85% of Ogaden gas.

They already found oil in the Nugaal Valley;

Range Resources confident of commercial discovery in Puntland

Shabeel-1 well in Puntland, Somalia could produce up to 130mm barrels of recoverable oil, the company’s MD said in an interview today.

www.hiiraan.com

But US shale was too competitive during 2013 so OPEC dumped on the market which led to;View attachment 375882

OPEC’s 2014 Bid To Tame U.S. Shale Failed. Will 2025 Be Different?

Another tussle for market share between OPEC and U.S. shale producers is underway. As lower crude prices beckon, will non-OPEC producers be able to hold their own?

www.forbes.com

And now OPEC is doing the same again this year so it might not be economically feasible just yet. Range and Africa Energy (Horn Petroleum) dropped the contracts in 2015 so no one owns the proven oil in Majerteenia.

I been telling this nigga the same thing. It’s only the Somali subsidiary, not the actual company. Im not sure what is wrong with buddy

Whats the parent company's name ? This lowk dont make any sense

"70 to 130mm barrels" does mm mean millions ?

What doesnt make any sense? This is very simply to follow. The parent company is HASS are you serious bruh? Put 2 and 2 together. It’s clear you are just a qabiilist who can’t accept Dahabshiil doesnt own this company.

 

[Barkhadle1520]

I been telling this nigga the same thing. It’s only the Somali subsidiary, not the actual company. Im not sure what is wrong with buddy

What doesnt make any sense? This is very simply to follow. The parent company is HASS are you serious bruh? Put 2 and 2 together.

So Oman has 40% of Hass the whole company, and Dahabshil have 70% of Somali Hass ? My point still stands then

 

[TheLand]

So Oman has 40% of Hass the whole company, and Dahabshil have 70% of Somali Hass ? My point still stands then

No you moron, they don’t. Go check HASS website, it mentions the Omani stake but nothing about Dahabshiil.

 

[TheLand]

Just the Somali subsidiary.

Oman still owns 40% of the Hass parent company.

Oman energy firm buys stake in Hass, eyes Africa expansion

Hass Petroleum Group, an oil marketing company, has sold a 40 per cent stake to Oman Trading International, a government-owned firm, for undisclosed value. Hass said in a statement yesterday it will be seeking to invest in new service stations as part of the firm’s strategic expansion plans into...

www.the-star.co.ke

UAE, Qatar, and now the quiet Oman eating off us. Turkey taking a chomp off as well while the Ethiopians and Chinese divy up 85% of Ogaden gas.

They already found oil in the Nugaal Valley;

Range Resources confident of commercial discovery in Puntland

Shabeel-1 well in Puntland, Somalia could produce up to 130mm barrels of recoverable oil, the company’s MD said in an interview today.

www.hiiraan.com

But US shale was too competitive during 2013 so OPEC dumped on the market which led to;View attachment 375882

OPEC’s 2014 Bid To Tame U.S. Shale Failed. Will 2025 Be Different?

Another tussle for market share between OPEC and U.S. shale producers is underway. As lower crude prices beckon, will non-OPEC producers be able to hold their own?

www.forbes.com

And now OPEC is doing the same again this year so it might not be economically feasible just yet. Range and Africa Energy (Horn Petroleum) dropped the contracts in 2015 so no one owns the proven oil in Majerteenia.

It is not proven to the commercially viable though, although there has been actual oil found there.

 

[Barkhadle1520]

No you moron, they don’t. Go check HASS website, it mentions the Omani stake but nothing about Dahabshiil.

Somali dahabshil is getting the sonoc contract it doesnt matter

Sonoc oil money will go to somali hass first, 70% of profits will go to Dahabshil and 30% will go to Hass global

So whats your point here ?

 

[TheLand]

Somali dahabshil is getting the sonoc contract it doesnt matter

Sonoc oil money will go to somali hass first, 70% of profits will go to Dahabshil and 30% will go to Hass global

So whats your point here ?

The point was about HASS ownership structure you clown, stop trying to shift goalposts after humiliating yourself as usual. You are extremely ignorant.

 

[Barkhadle1520]

The point was about HASS ownership structure you clown, stop trying to shift goalposts after humiliating yourself as usual. You are extremely ignorant.

Is deji why you so pressed

 

[Zak12]

Inshallah that Somalia will start to export oil by 2030

 

[Barkhadle1520]

Inshallah that Somalia will start to export oil by 2030

If they keep up like this by 2027 they will export oil, but it isnt about when they start exporting its when recovery cost are made

 

[Zak12]

If they keep up like this by 2027 they will export oil, but it isnt about when they start exporting its when recovery cost are made

Yeah that is why many were initially worried about Turkey dictating the terms on recovery due to the vagueness behind the deal.

 

[ggoat]

Somali dahabshil is getting the sonoc contract it doesnt matter

Sonoc oil money will go to somali hass first, 70% of profits will go to Dahabshil and 30% will go to Hass global

So whats your point here ?

Which states agreed to some nonsense like this? There is no legal resource sharing agreement in Somalia