Of course corrupt Farmaajo and Kheyre are behind this.
This corrupt government needs to go.
The thread is reaching
1. This was signed by the siyaad Barre government in 88 and 90 the current government is just signing off on it.
2. The 2 million is just fee to conduct exploration on the land anything that comes out of it is not included in the fee
3. Looking at the paper the company only gets 50% interest on the blocks given to them
BP (Amoco, Sinclair), Chevron (Texaco), Conoco, Eni, Shell, ExxonMobilIt's good that a big oil company like Shell is willing to extract our oil, we have more oil than Saudi Arabia and UAE.
Where’s all the dumbasses saying SL got robbed for Berbera Port? We got $440 million when you guys got just $1 million for oil these niggas boutta flip for 100s of millions
“($1,708,000 settlement for 28-year accrued surface rentals at $1 per km² when inflation adjusted amount is $2,302,976)!”
Did the guy negotiationg with Somalia happen to look like this ?
Somalia should stop negotiating any deal aslong it is guarded by Amisom
Their top priority must be first security.
This is great news. The oil is offshore as well, which means no xoolo Somalis interfering and killing oil workers.
The 2 million dollars was just for exploring the area. Somalia is a beggar country, and beggars can't be choosers. When Saudi Arabia was first extracting oil, the oil companies were taking 90%, because the Saudis were beggars. Now the Saudis themeselves own the oil extracting company and keep 100% of revenue.
The problem with Somalia is not oil extraction but corruption. Even if we extract oil and we are given a great deal, it does not matter if say someone like HSM was still president, the guy was a corrupt and would've stollen the funds.
I hope Farmaajo gets another 4 years, and therafter Kheyre gets 8 years and then Beyle gets 8 years.
That would give Somalia 24 years of unprecedent stability. Somalia could definitely become a safer, richer country if the above scenario plays out.
24 years of Nabad iyo Nolol.
Well said
Time 4 that bloody oil to come out, Somali's clearly have an allergy to taxes and supporting the state
Offshore even better, far from parasitic xoolo hands
No oil. We go fully green and sustain our environment and watch the World scramble for an alternative to oil in the futureWell said
Time 4 that bloody oil to come out, Somali's clearly have an allergy to taxes and supporting the state
Offshore even better, far from parasitic xoolo hands