Turkiye and Somalia Forge Energy Exploration Agreement, Pursuing Oil and Gas Reserves.
In the Turkish city of Istanbul, Turkiye’s Energy Minister, Alparslan Bayraktar, and Somalia’s Petroleum and Mineral Resources Minister, Abdirizak Omar Mohamed, signed a landmark deal for the harvesting of hydrocarbon reserves in the East African country’s exclusive economic zone, as well as the granting of land exploration rights.
It also subsequently enables Turkiye to develop Somalia’s maritime resources in its exclusive economic zone, which has not been developed since the 1990s, when the Somali government at the time collapsed.
According to a Turkish energy expert, cited by the UK-based news outlet Middle East Eye, the deal is expected to require major efforts by the Turkish government and firms involved in the effort to drill for the energy resources and develop them.
In that regard, there may be a significant period of time before substantial results are seen, with the expert recalling that Ankara “signed a similar land and offshore exploration deal with Libya in 2022, but the progress has been non-existent.”.
A prominent reason for such delays is reportedly the fact that Turkiye is already conducting extensive exploration and drilling efforts in the Black Sea region, where it has made a number of discoveries in recent years. “Ankara could deploy a Turkish petroleum drillship, Abdulhamit, to Somalia if it wants,” however, said the unnamed expert.
The agreement between Turkiye and Somalia comes two months after Ethiopia signed an agreement with Somalia’s northern rival and breakaway state of Somaliland, granting Addis Ababa naval and commercial access to ports along Somaliland’s coast in exchange for recognition of its independence.
Ankara and Mogadishu Inked a Significant Defence Pact, Entrusting Turkiye with Safeguarding Somali Waters
