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

[SomaliMVP]

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

And how much is that going to be?

 

[Tukraq]

And how much is that going to be?

peanuts

 

[PhySom]

Pretty sure this is a down payment

 

[Ayubi]

@kickz Your constantly talking about Ahmed Madobe and the maritime case. What do you have to say about this more treacherous retarded act done by N&N?

 

[kickz]

@kickz Your constantly talking about Ahmed Madobe and the maritime case. What do you have to say about this more treacherous retarded act done by N&N?

I would say lets keep an eye on it, the article doesn't really provide enough info.

The oil blocks will be auctioned in the next couple weeks, we should have a clearer picture of whats going on then.

 

[PhySom]

I would say lets keep an eye on it, the article doesn't really provide enough info.

The oil blocks will be auctioned in the next couple weeks, we should have a clearer picture of whats going on then.

Its one payment , i think its yearly rent + 50% of funds goes to Somalia.

 

[Mr.Haggis]

56-61% of the oil sales goes to somalia. These details were publishing during the London summit. If I remember.

 

[Mr.Haggis]

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.

kkkkkkkkkkkkkkkkkkkkkkkkkkkkkk

 

[CaliTedesse]

How many acres are we talking, there is more to this

 

[CaliTedesse]

That's why I ask how many acres are we talking Does no one here understand this sector? We need people who study this.