Somalia’s offshore oil reserves are an estimated 110 billion
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Farm
VIP
Don’t think we will have a centralized government again tbh.
Farm
VIP
Soma Oil has to be ejected out of Somalia.
Will be exploited by foreigners, whats the point? We've got bigger problems to worry about right now.
Bunch of frauds bro. I want somalia to sign a deal directly with BP or Petrochina or even Shell
Somalia's oil (and natural gas reserves if we include Somali Galbeed) put us in the top 5 easily.
We also have 25% or so of the world's uranium, the highest % of its gypsum and other resources. We have enough farmland to feed 40 million people. The best wind turbine sites on Earth. Africa's largest coastline and vast marine resources. An amazing location straddling the Gulf of Aden and the Indian Ocean.
Dubai could become quite irrelevant if our country was stable. We'd just need to fix Berbera, Bosaaso, Kismayo and Mogadishu.
The thing we don't have is unity, justice and protection of property rights, wadanimo iyo Islanimo, organised societal efforts and a functioning government comprised of moral high IQ people.
Instead we have low IQ traitors and dhabodhilif who will themselves for any foreign purchaser and sell all our national assets as our people starve and are divided between their enemies.
We also have 25% or so of the world's uranium, the highest % of its gypsum and other resources. We have enough farmland to feed 40 million people. The best wind turbine sites on Earth. Africa's largest coastline and vast marine resources. An amazing location straddling the Gulf of Aden and the Indian Ocean.
Dubai could become quite irrelevant if our country was stable. We'd just need to fix Berbera, Bosaaso, Kismayo and Mogadishu.
The thing we don't have is unity, justice and protection of property rights, wadanimo iyo Islanimo, organised societal efforts and a functioning government comprised of moral high IQ people.
Instead we have low IQ traitors and dhabodhilif who will themselves for any foreign purchaser and sell all our national assets as our people starve and are divided between their enemies.
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We need to improve our situation back home. I also propose that the locals own and create oil exploration companies so that other countries don't rob our resources.
RasCanjero-
Self imposed exile
I say we should hold a nation wide royal rumble to help us decide who gets to exploit the oil.
Something we were in the middle of from 1991 until the civilised world interrupted us.
Something we were in the middle of from 1991 until the civilised world interrupted us.
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Farm
VIP
You are confused, the U.S sent 30k troops to Somalia to secure the oil fields inland but failed and were embarrassed internationally and at home so they left.I say we should hold a nation wide royal rumble to help us decide who gets to exploit the oil.
Something we were in the middle of from 1991 until the civilised world interrupted us.
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http://articles.latimes.com/1993-01-18/news/mn-1337_1_oil-reserves
As for the offshore reserves they were discovered in 2015 by SomaOil at a cost of $60 million.
RasCanjero-
Self imposed exile
No my brother you are the one that's lost by sending me to a 25 year old article.
30k US soldiers?
If there was hundreds of billions to be made then big oil would've made Somalia as peaceful as a Quaker's house within a couple of years.
Even with the oil glut, it still would've been developed.
The black hawk down debacle wouldn't have stopped them. They would just orchestrate a regime change from the shadows.
Instead they put up an arm's embargo.
There is no oil.
Soma oil is a pipsqueak that's after breadcrumbs.
It's backed by a British lord/ peer; who's really a nobody.
That 60 million figure is also bs.
There's only proof of a couple hundred thousands in "donations" and purchase of the surveys of our offshore blocks from a British/Norwegian company.
Most likely it was all a scam to launder and run off with the money raised.
You hear cases like this all the time when it comes to small oil exploration companies in green fields.
Farm
VIP
https://www.google.ca/amp/mobile.reuters.com/article/amp/idUSL5N1E95RZ
The probe showed they spent over $40 million.
https://history.army.mil/html/documents/somalia/SomaliaAAR.pdf
Council (UNSCR 794) authorized the United States to send a force of 30,000 troops into Somalia
Also
http://articles.latimes.com/1994-03-26/news/mn-38605_1_u-s-troops-leave-somalia
In a swirl of sand and dust, a convoy of 15 amphibious assault vehicles rumbled into the breaking surf of the deep-blue Indian Ocean, taking home the few dozen troops left from a force that at its height reached more than 30,000.
By the time we get our shit together, oil will be obsolete.
BenInHer
VIP
not natural gas, that's were we get our heat from. different playing field.
RasCanjero-
Self imposed exile
True.
If we had huge oil & gas reserves; we should be thinking about using it to develop our own country.
Every dollar of oil creates more than 10x the value further down the value chain.
That tiny 100 billion would turn into a couple trillion in economic output if we used it ourselves.
BenInHer
VIP
if only we could get along. we are pretty much that rich kid who forgot his wallet, asking his assistant too fit the bill.
RasCanjero-
Self imposed exile
That 40 million number was a offhand remark and I couldn't find a source for it from the article.
I've already said they spent money on the survey's but that figure has probably been pushed up to increase the value of their offerings.
I know the original company used less than 20 million but weren't able to sell their data for years.
That should tell us something about the oil prospects in Somalia.
Somaoil just plans to pump and dump a speculative offering and they planned to make our corrupt government accomplices by bribing some of them.
Not sure what they have in store or who replaced them after they gotten their man in the PM seat.
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