Backclash for recovery cost? Weird, I dont trust him and what Turkey says, by coming days it will be clear to everyone.
The Oil deal isn't that bad
- Thread starter Barkhadle1520
- Start date
Don't speak to the doctor like that, troll.
It's never that simple sxp
Sigmundd
BOO HOO
For Somalia I wish it was. More than 30years of corruption and poverty, next leader needs to act fast.
Well your rite it's never that simple.
1. U need some sort of geopolitical approval especially current world powers or emerging ones(Turkey) restoring their old empire based on precedent law(I was the boss pre WW1 and WW2 sort of argument).
2. You need a client nation maybe Turkey can fill this as it weans off other nations who they want to wean off for resource independence. But PL and JL and including its foreign axis(West, Dubai, Kenya, Ethiopia, Saudi) won't stand by idly either as Empowering Turkey can harm the Khaleej with Qatar nominated the boss of the region at Saudi expense(as they are forced slowly into a civil war themselves) plus we don't want more Ikhwaan footprint globally thru the Sunni world because they do endorse Cairo summit and Sal Balaar outcomes of 97 for Somalia(Hawiye benefit the most and why their all Islamists) or plan B irir samaale or they coordinate both postures while moryans coordinate their loot.
3. Disturbing global oil production without OPEC approvung what supply Somalia can be allowed without causing global instability for current oil producers(Don't see Somali Diplomats heading to OPEC member states and forging relationships either due to no diplomatic capital in the nation post siyad barre govt.
4. Where is the rule of law(proper one where investment and humans are safe) where is political stability(your policies change like kastumo every year and u guys don't even have a shared policy irrespective of sitting govt of the day). Where is your hard infrastructure to support such oil production(road corridors, energy backbone, air and sea facilities). Where is the 50 year guarantee of stability so oil companies can actually quantify its potential earnings?
Oil Oil Oil is what u consistently hear in Somalispot threads and it's sad but it's bordering fitnah now like SL secession is coming shit show for 30 years. Leaders must not use this as a distraction tool of its horrendous performance in hamar and failing to carry out its mandate. These gullible people think you become rich overnite(It takes a long slow process but it always sits on a foundation of stability in the rule of law and political stability and institutional excellence).
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This Nigga make lists of demands, uses words like must, acts like his opinion isn’t just one man’s opinion, yet with all of this passion I’m yet to see any action.
Not one thing he did just what others should do.
like on average it cost $15 dollars a month to send a kid to school in Somalia. Nigga could have started a fundraiser to send a bunch of kids to school.
for a few thousand you can fund a new political class if your smart about what kids receive the money and have a plan in place with them.
that’s just one of many things you could do that would of been way more productive than the hours you spend saying nothing while pretending you outrank HSM/Deni or hold any cultural impact.
What Philantrophy I do I dont discuss and yes my opinion is of my own but it's hard for u to actually challenge it without trying to take a swipe at me using your own delusions of my life and criticising that(straw man fallacy) a logical violation where u didn't deny a single point I raised knowing it's absolutely spot on and 100% accurate so u resorted to what create some fictional argument about my station in life and contributions and then attack that to deflect that u couldn't refute a damn thing I said.
Is their oil in Somalia YES. will it ever be utilised highly unlikely with a probability and liklihood of 99% accuracy noone touching it.
Its time wake up from your oil dream and step into Somalia post 91 reality that is now mutating into all sorts of criminal rackets in every level of govt and even society down to street cleaner it's universal corruption on a scale unseen in the rest of the world.
Nigga talking about strawman. Big bro, I don’t even know what thread this is tbh. This is just about you as a whole and how you communicate. Your not gonna win anyone over, instead you come across as unhinged.What Philantrophy I do I dont discuss and yes my opinion is of my own but it's hard for u to actually challenge it without trying to take a swipe at me using your own delusions of my life and criticising that(straw man fallacy) a logical violation where u didn't deny a single point I raised knowing it's absolutely spot on and 100% accurate so u resorted to what create some fictional argument about my station in life and contributions and then attack that to deflect that u couldn't refute a damn thing I said.
Is their oil in Somalia YES. will it ever be utilised highly unlikely with a probability and liklihood of 99% accuracy noone touching it.
Its time wake up from your oil dream and step into Somalia post 91 reality that is now mutating into all sorts of criminal rackets in every level of govt and even society down to street cleaner it's universal corruption on a scale unseen in the rest of the world.
plus I ain’t talking about philanthropy. I’m talking about implementing your political will. Like if I cared so much I was writing essays, I’d be sure I was doing something too.
He's so annoying wAllahi, he adds nothing except polluting every thread he writes in.
Major cope. Somalia needs to get their security in order before trying to be a player in the oil industry. Nobody cares about bogus Turkish oil companies, get Exxon, BP and Total in there.
Yes because they have such stiller history in uplifting poor and vulnerable countries
PetroChina offered us 50 % royalties in 2007 this Turkish deal will go down as the worst deal of the century
Idilinaa
VIP
We should wait and see what happens. Neither government has made public statements or comments about what the actual deal entails. I haven't seen any online news sites, other than Nordic Monitor, address the supposed government document. There should be a greater push for transparency. Something so opaque shouldn't be discussed like it's legitimate.
But if you ask me , with the FGS and also all the regional states in general . I believe they would benefit more from mining if they focused on that first to build revenue streams. Like, create a state owned company that works with private local ones and takes a big chunk of the profit. Plus, the local ones would pay taxes. They could potentially generate large amounts of revenue in less time, with less outside investment, compared to gas or oil.
A few local companies are already trying to get permits and licenses to start:
adcosomalia.com
There is even a gold mining company recently set up:
www.linkedin.com
Think about it deeply. Oil and gas requires:
Huge capital, high security, offshore logistics, decades-long timelines.
Whereas mining is:
Cheaper to start, faster to produce, less geopolitically entangled, and often more accessible to local companies.
And also unlike oil , mining doesn't require FPSOs, deepwater rigs, or naval security infrastructure.
To put it in perspective how lucrative mining can be:
Australia’s mining industry generated $445 billion in 2023. Israel pulled in $43.6 billion last year.
Somalia has gold, tin, silver, uranium, bauxite, and rare earths , all of which could be tapped through domestic partnerships with far less risk.
Somalis should start with sectors where local control is possible and timelines are shorter.
Think about the broader picture: what if the FGS created a state mining company that worked with Somali private firms?
No need for massive foreign military protection.
No 90% cost recovery clauses.
No arbitration in Istanbul.
Just Somali led industry.
But if you ask me , with the FGS and also all the regional states in general . I believe they would benefit more from mining if they focused on that first to build revenue streams. Like, create a state owned company that works with private local ones and takes a big chunk of the profit. Plus, the local ones would pay taxes. They could potentially generate large amounts of revenue in less time, with less outside investment, compared to gas or oil.
A few local companies are already trying to get permits and licenses to start:
Energy and Mining – ADCO Group Of Companies
adcosomalia.com
There is even a gold mining company recently set up:
#sahan | Hanad Derie Farah
there is wealth where minerals are in, and that wealth is abundance below the surface of my country Somalia dig below the surface and extract the wealth #Sahan gold corp, join us
Think about it deeply. Oil and gas requires:
Huge capital, high security, offshore logistics, decades-long timelines.
Whereas mining is:
Cheaper to start, faster to produce, less geopolitically entangled, and often more accessible to local companies.
And also unlike oil , mining doesn't require FPSOs, deepwater rigs, or naval security infrastructure.
To put it in perspective how lucrative mining can be:
Australia’s mining industry generated $445 billion in 2023. Israel pulled in $43.6 billion last year.
Somalia has gold, tin, silver, uranium, bauxite, and rare earths , all of which could be tapped through domestic partnerships with far less risk.
Somalis should start with sectors where local control is possible and timelines are shorter.
Think about the broader picture: what if the FGS created a state mining company that worked with Somali private firms?
No need for massive foreign military protection.
No 90% cost recovery clauses.
No arbitration in Istanbul.
Just Somali led industry.
By the way nordic monitor is very biased and the document was published on an official Turkish website, but you're right about the gold etcWe should wait and see what happens. Neither government has made public statements or comments about what the actual deal entails. I haven't seen any online news sites, other than Nordic Monitor, address the supposed government document. There should be a greater push for transparency. Something so opaque shouldn't be discussed like it's legitimate.
But if you ask me , with the FGS and also all the regional states in general . I believe they would benefit more from mining if they focused on that first to build revenue streams. Like, create a state owned company that works with private local ones and takes a big chunk of the profit. Plus, the local ones would pay taxes. They could potentially generate large amounts of revenue in less time, with less outside investment, compared to gas or oil.
A few local companies are already trying to get permits and licenses to start:
Energy and Mining – ADCO Group Of Companies
There is even a gold mining company recently set up:
View attachment 363549
View attachment 363550
#sahan | Hanad Derie Farah
there is wealth where minerals are in, and that wealth is abundance below the surface of my country Somalia dig below the surface and extract the wealth #Sahan gold corp, join us
Think about it deeply. Oil and gas requires:
Huge capital, high security, offshore logistics, decades-long timelines.
Whereas mining is:
Cheaper to start, faster to produce, less geopolitically entangled, and often more accessible to local companies.
And also unlike oil , mining doesn't require FPSOs, deepwater rigs, or naval security infrastructure.
To put it in perspective how lucrative mining can be:
Australia’s mining industry generated $445 billion in 2023. Israel pulled in $43.6 billion last year.
Somalia has gold, tin, silver, uranium, bauxite, and rare earths , all of which could be tapped through domestic partnerships with far less risk.
Somalis should start with sectors where local control is possible and timelines are shorter.
Think about the broader picture: what if the FGS created a state mining company that worked with Somali private firms?
No need for massive foreign military protection.
No 90% cost recovery clauses.
No arbitration in Istanbul.
Just Somali led industry.
Idilinaa
VIP
I know it was released on government website but the Turkish press as far as i know havent mentioned it, nor has any government officials come out to discuss the details of it or help clarify what's in it. There is a lack of transparency, it makes it hard for us to get a full grasp to comment on it as of yet.
Mining don't get a lot of attention despite it's huge potential yet there is soo much noise around oil.
Yet this is just lying in wait.
"https://dekadagaracad.com/mining-minerals-hydrocarbons/
https://mocii.pl.so/mining/
If you add local processing and internal market creation, it can create a strong base for advanced industrialization and hundreds of thousands of jobs. It would be multiple levels (production, processing, export, payroll)
Somalia has already made inroads into cement, steel , building materials and ceramics production.
They are also starting to do something similar in NFD and by extension Eastleigh as well.
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I’m starting the notice the Hawiye to MJ ratio on this site finally shifting in our favour, a lot of new cats out here Salam alykum.
