Somalia says Shell, Exxon agree to pay $1.7 million for oil blocks lease

[land owner]

Royal Dutch Shell and Exxon Mobil have paid $1.7 million to Somalia to lease offshore blocks for 30 years, the country’s state news agency reported on Friday.

“Shell/Exxon Mobil have paid $1.7 million to Somalia as the preliminary rent for 30 years,” SONNA reported.

Shell and Exxon Mobil had a joint venture on five offshore blocks in Somalia prior to the toppling of dictator Mohamed Siad Barre in the early 1990s.

The country has been mired in insecurity since Barre left and is battling Islamist group al Shabaab that frequently carries out bombings in the capital Mogadishu and elsewhere in the country.

In June, the oil ministry announced that the two companies were looking to return to Somalia ahead of an oil block bid round later this year.

https://hiiraan.com/news4/2019/Oct/..._to_pay_1_7_million_for_oil_blocks_lease.aspx

 

[towerheist]

1.7 million? For 30 years


Oil blocks as in plural??

Subxaanallaah
War waana la dhacay.

 

[Louis Vuitton Don]

1.7 million? For 30 years


Oil blocks as in plural??

Subxaanallaah
War waana la dhacay.

The idiots in our government are some bastards. I bet they got a back room deal that sent money to their offshore accounts.

 

[Ibrahim hassan]

The idiots in our government are some bastards. I bet they got a back room deal that sent money to their offshore accounts.

The idiots in our government are some bastards. I bet they got a back room deal that sent money to their offshore accounts.

Typical

 

[gurey]

War wuxu caqli xuma. Might aswell give it away for free

 

[Crow]

They sold fishing rights to our entire coastline to China for $1 million as well. These illiterate, uneducated idiots remind me of the joke villain in Austin Powers who tried to destroy the world for only $1 million.

 

[Samaalic Era]

This will go down as one of our biggest Ls of all time

 

[Louis Vuitton Don]

They sold fishing rights to our entire coastline to China for $1 million as well. These illiterate, uneducated idiots remind me of the joke villain in Austin Powers who tried to destroy the world for only $1 million.

China made that 1 million back in few hours of fishing using 1 fishing boat.

 

[nomand]

this is lease, it means nothing. the real worth in when it is extracted, somali get its share per barrel.

 

[Diaspora ambassador]

They sold fishing rights to our entire coastline to China for $1 million as well. These illiterate, uneducated idiots remind me of the joke villain in Austin Powers who tried to destroy the world for only $1 million.

Walaal it's was a difficult choice. The Chinese had the upperhand in the negotiations. Our coastline is being looted, the gov wants atleast a payment. It is either everyone keeps stealing or chinese can lease it for 1 mil. I do hope that the gov negotiated side deals like development.

 

[bluebird]

They sold fishing rights to our entire coastline to China for $1 million as well. These illiterate, uneducated idiots remind me of the joke villain in Austin Powers who tried to destroy the world for only $1 million.

they remind me of this scene from spongebob I really do hope this is fake news or it is over for these people LOL

 

[Teflon]

payment of 1.7 million and selling the coastline for 1 million

their iq must be -68iq

 

[FBIsomalia]

Those N&N want money to re-election. We will see what will happen for new government will came after xaarmaajo.

 

[Tukraq]

payment of 1.7 million and selling the coastline for 1 million

their iq must be -68iq

2.7 mil for a coast line and oil blocks, for let me get this straight 30 years they act like the 30 years caveat is an excuse or something farmaajo might actually be the worst president in world history if this is true, not even the dumbest or most corrupted politicians of all time would sell billions of dollars worth of sea and oil for the worth of an average sanfransisco house

 

[FBIsomalia]

2.7 mil for a coast line and oil blocks, for let me get this straight 30 years they act like the 30 years caveat is an excuse or something farmaajo might actually be the worst president in world history if this is true, not even the dumbest or most corrupted politicians of all time would sell billions of dollars worth of sea and oil for the worth of an average sanfransisco house

I feel its lie.Impossible as Somali is IQ reach this level.

 

[Macalin M]

Is there a way to make this void when real akhis come into power. Last time I saw someone get ripped this hard was when I preordered Fifa 20....

 

[nomand]

Is there a way to make this void when real akhis come into power. Last time I saw someone get ripped this hard was when I preordered Fifa 20....

this does not mean that they pay 1.7 million and then can drill and take what they want, this is down payment for a deal to take place, somalia will get its share of every barrel of oil extracted from the ground.

the 1.7 million figure holds no real value, you can even do it for 1 dollar it would be same. where the money is the extraction and somalia get the loins share there.

 

[Farm]

Scumbags selling PL’s resources as usual.

 

[CanoGeel]

I see certain posters are MIA. I am really concerned about their well being. were they having a wknd meeting and got kidnaped.

can someone @them b4 i put out an Amber Alert

 

[Tukraq]

I see certain posters are MIA. I am really concerned about their well being. were they having a wknd meeting and got kidnaped.

can someone @them b4 i put out an Amber Alert

yeah wheres @kickz this is far more pressing than the maritime