Somalia has an estimated 110 billion barrels of oil

[Basra]

we have the Sixth largest oil reserves worldwide im hearing oil exploration could start this year

WHAT??? Why is not happening then? U mean we are in the same league as the Arabs??? By the way- Oil days are over. China is making electric cars like candy now

 

[Hilmaam]

At the end of the day, FGS has a long relationship with Turkey. Even during the Farmaajo era when he was very close to Ethiopia, he was still making deals with Turks. There are hardly any on the fly decisions being made here.

all these deals not sustainable is point I am getting at. FGS and somali leaders not owning their responsilbities. they want easy fix and keep bringing in different foreigners.

Its like if you have dirty house full of mice. Instead of cleaning house to eliminate food source. you get cats to eat mice. Then dogs to eat cats. then keeps going. FGS knows this is not sustainable more foreigners not solution gotta clean your own house and keep it clean

 

[Zak12]

all these deals not sustainable

Why aren't they? These are important investments Somalia needs to make for future development. Turkey is by far the better option to deal with than companies like Exxon and Shell that will demand far more oil and are known for directly exploiting Africans.

As for Egypt, I'm not happy about more foreign troops arriving but Ethiopia forced our hands in this regard. We need to show we mean businees by inviting their enemies to our side.

 

[Hilmaam]

Why aren't they? These are important investments Somalia needs to make for future development. Turkey is by far the better option to deal with than companies like Exxon and Shell that will demand far more oil and are known for directly exploiting Africans.

As for Egypt, I'm not happy about more foreign troops arriving but Ethiopia forced our hands in this regard. We need to show we mean businees by inviting their enemies to our side.

Turkey is not here for just investment they are here for militarily reasons as well. They will be more navy forces than land forces though. Basically fight Piracy, folks stealing fish, and finally ensure Ethiopian navy doesn’t get access to sea. Why I think this was directly related to MOU. This can also lead to clashes with somaliland and puntland who were not consulted in this process and are only two stable states in somali. They will not be happy with this deal and will try to secure oceans from foreigners.

With regards to oil let the exploration happen and see if there is anything there. If nothing found what will happen then ? Will Turkey plunders fisheries to recoup the expenses and call it day who knows

 

[Zak12]

They will not be happy with this deal

I agree that FGS shouldn't upset Puntland but why should we care about what Somaliland feels? They are already a direct enemy of Somalia.

 

[Hilmaam]

I agree that FGS shouldn't upset Puntland but why should we care about what Somaliland feels? They are already a direct enemy of Somalia.

they were done dirty by siad barre regime. will take time to win back trust, but wont be anytime soon. I don't see any risk of them getting real recognition world powers wont let it happen in my opinion because somalia will fracture and no one is interested in 4-5 somalias and associated wars to establish new borders

 

[Zak12]

they were done dirty by siad barre regime. will take time to win back trust, but wont be anytime soon. I don't see any risk of them getting real recognition world powers wont let it happen in my opinion because somalia will fracture and no one is interested in 4-5 somalias and associated wars to establish new borders

Yeah. Recognition is dead in the water. I believe they will eventually go back to negotiations with FGS and agree to become a semi-autonomous state like Puntland.

 

[berberaboy66]

Yeah. Recognition is dead in the water. I believe they will eventually go back to negotiations with FGS and agree to become a semi-autonomous state like Puntland.

Semi-autonomous is never happening. It’s either full or none. Ask anyone in SL if they want to be controlled by mogadishu 99% will tell you no. Same as 30 years back too.

Fool me once shame on you, fool me twice shame on me.

 

[Zak12]

Semi-autonomous is never happening. It’s either full or none. Ask anyone in SL if they want to be controlled by mogadishu 99% will tell you no. Same as 30 years back too.

Fool me once shame on you, fool me twice shame on me.

Harder anyone in SL would prefer staying in this political limbo for another 30 years with next to no development

 

[Hotchick12]

Djibouti is a case study honestly, I have no clue why they arent successful. Its probably because of the leadership. I wonder how Guellah got leadership in the first place. Probably nepotism.

lol djibouti gets maybe 1 billion from ethiopia and couple of millions from renting base they have no resources

 

[berberaboy66]

Harder anyone in SL would prefer staying in this political limbo for another 30 years with next to no development

Of course. But the power-sharing agreement (if it happens) will be full autonomy or nothing. That’s not something they’re going to budge on and I wholeheartedly agree.

At no point from 1960-1991 was any northerner allowed a semblance of control in Xamar. Why should it be the opposite? I’ve always said an agreement can be done but FGS don’t want to cave in to demands. And We all know who caused this political limbo with this strategy of “waiting” for a solution to just come out of nowhere.

It’s up to FGS to prove they can stand on their own two feet and rule.

 

[Sadam96]

WHAT??? Why is not happening then? U mean we are in the same league as the Arabs??? By the way- Oil days are over. China is making electric cars like candy now

The age of oil isn't over, and we don't need vast amounts to become prosperous like the UAE. Producing 500,000 barrels a day could be a game-changer for Somalia, funding essential infrastructure like roads, sewage, water, and electricity, speeding up development.

At today's price of $73 per barrel, 500,000 barrels a day would generate about $13 billion a year. Even with extraction costs, a 20% profit margin could give Somalia over $2.5 billion annually, not including export taxes.

Why not take advantage of oil while we can? Oil revenue could kickstart Somalia's economy, attracting more foreign investment as we build the necessary infrastructure for growth.

 

[Yazi]

That's an old overly optimistic estimation. A more recent one by modern oil companies put it around 30 billion.

 

[Aiman12]

Yeah. Recognition is dead in the water. I believe they will eventually go back to negotiations with FGS and agree to become a semi-autonomous state like Puntland.

pl is just an fms in name only, i dont blame them much. hsm really has it out of them

 

[Shangani]

The age of oil isn't over, and we don't need vast amounts to become prosperous like the UAE. Producing 500,000 barrels a day could be a game-changer for Somalia, funding essential infrastructure like roads, sewage, water, and electricity, speeding up development.

At today's price of $73 per barrel, 500,000 barrels a day would generate about $13 billion a year. Even with extraction costs, a 20% profit margin could give Somalia over $2.5 billion annually, not including export taxes.

Why not take advantage of oil while we can? Oil revenue could kickstart Somalia's economy, attracting more foreign investment as we build the necessary infrastructure for growth.

Most importantly if we have oil or gas it's a cheap form of energy for the countries energy needs and kickstarting industry, but we will need to refine our own oil to not be like Nigeria

 

[AlteKartel]

Of course. But the power-sharing agreement (if it happens) will be full autonomy or nothing. That’s not something they’re going to budge on and I wholeheartedly agree.

At no point from 1960-1991 was any northerner allowed a semblance of control in Xamar. Why should it be the opposite? I’ve always said an agreement can be done but FGS don’t want to cave in to demands. And We all know who caused this political limbo with this strategy of “waiting” for a solution to just come out of nowhere.

It’s up to FGS to prove they can stand on their own two feet and rule.

What does full autonomy mean to you? Particularly with respect to military and foreign affairs?

 

[Thegoodshepherd]

At no point from 1960-1991 was any northerner allowed a semblance of control in Xamar. Why should it be the opposite? I’ve always said an agreement can be done but FGS don’t want to cave in to demands. And We all know who caused this political limbo with this strategy of “waiting” for a solution to just come out of nowhere.

It’s up to FGS to prove they can stand on their own two feet and rule.

This is not true. Cigaal was PM, and in 1967 signed the Arusha Agreement with Kenya where he recognized Kenya’s sovereignty over NFD against the express wishes of president Sharmaarke. Cigaal singlehandedly destroyed all hopes Somalis had of having Kenya agree to a referendum in NFD. Cigaal relinquished NFD before any negotiations had even happened. A great betrayal.

Between 1960 and 1969, this was perhaps the most consequential decision taken by any Somali politician.

 

[Hassan Garguute Buldanana]

Of course. But the power-sharing agreement (if it happens) will be full autonomy or nothing. That’s not something they’re going to budge on and I wholeheartedly agree.

At no point from 1960-1991 was any northerner allowed a semblance of control in Xamar. Why should it be the opposite? I’ve always said an agreement can be done but FGS don’t want to cave in to demands. And We all know who caused this political limbo with this strategy of “waiting” for a solution to just come out of nowhere.

It’s up to FGS to prove they can stand on their own two feet and rule.

FGS can't be trusted. Garguurte and cheese Farmaajo before him regularly held IC funding meant for PL because of disagreements. IC funds ffs forget anything else. Semi autonomy would be stupid and is why I'm against it in PL. You would only be held ransom by a nigga in a Amisom bunker. Never agree for your shit to go through moghishu

 

[berberaboy66]

What does full autonomy mean to you? Particularly with respect to military and foreign affairs?

Full autonomy to me means not being controlled by Mogadishu on a day to day basis. That means being totally independent economically and politically. I understand the concerns about military and foreign security.

The only thing missing is bi-lateral deals with IMF and international business deals. I’d prefer a Hong Kong to China system.

Foreign affairs I think we should have regional autonomy but nothing past that. A lot of SL income is based on Addis-Berbera line so I don’t think that should be disturbed regardless of whoever’s in charge.

Militarily, I hope you can understand due to previous issues there shouldn’t be an SNA base in SL. When I say SL I’m talking awdal to Ceerigaabo. Majority home SNA-trained troops, 75%+. I don’t personally agree with this but it’s the will of the people.

They’d only be willing to make those two concessions above if Somalia improves, but that’s also when SL will most likely come to the table as well. SL will exist as long as Somalia remains the way that it is unless a massive war erupts in Waqooyi.

 

[berberaboy66]

This is not true. Cigaal was PM, and in 1967 signed the Arusha Agreement with Kenya where he recognized Kenya’s sovereignty over NFD against the express wishes of president Sharmaarke. Cigaal singlehandedly destroyed all hopes Somalis had of having Kenya agree to a referendum in NFD. Cigaal relinquished NFD before any negotiations had even happened. A great betrayal.

Between 1960 and 1969, this was perhaps the most consequential decision taken by any Somali politician.

That’s true, thanks for correcting. Cigaal did hold power, but it was still only 1 person. 1 person in 60+ years is crazy.

Reer Waqooyi never held any power in their own regions for 31 years too. I specifically say waqooyi because this wasn’t just an isaaq situation, it was harti + dir too. There was a level of colonial favoritism back then that’s still at play today unfortunately.