Somalia’s President, Hassan Sheikh Mohamud, announced that the country will begin drilling for oil in the coming months.
Speaking on Monday at the opening of the 7th Session of the Federal Parliament in Mogadishu, President Mohamud said this initiative will drive Somalia’s development.
“We are committed to using Somalia’s natural wealth to fuel growth,” he stated, highlighting upcoming mega projects including new roads, airports, ports, and Africa’s first satellite launch station.
Analysts believe Somalia holds some of the world’s largest oil reserves.
In October 2024, the Turkish oil exploration vessel Oruç Reis arrived in Somalia to conduct seismic surveys for oil and gas across three regions where Türkiye secured exploration licenses.
During an inspection tour at the time, President Mohamud hailed the survey as a major achievement, emphasizing it strengthens Somalia’s goal to fully leverage its natural resources for economic and social development.
To further the collaboration, Türkiye and Somalia signed an onshore hydrocarbon exploration and production agreement in April 2025, allowing the Turkish Petroleum Corporation (TPAO) to explore three land blocks spanning roughly 16,000 square kilometers in Somalia.
source: www.trtafrika.com
African Energy Council