Federal Government of Somalia Signs Oil and Gas Cooperation Deal with Türkiye
In a significant move bolstering energy cooperation, Türkiye has inked a cooperation agreement with Somalia focusing on the exploration and development of offshore oil and natural gas resources, March 7, 2024. The agreement, described as inter-governmental, encompasses various facets including exploration, assessment, development, and production of oil and gas within Somalia’s terrestrial and maritime blocks.
The Turkish energy ministry, represented by Minister Alparslan Bayraktar, highlighted the comprehensive nature of the deal, extending to transportation, distribution, refining, sales, and service operations of oil and related products derived from both land and sea projects. This partnership aims to harness Somalia’s resources for the benefit of its people while reinforcing Türkiye’s presence in the Horn of Africa through energy collaborations.
Under the terms of the agreement, Türkiye will undertake exploration activities, including seismic surveys, in identified offshore areas. This move signals Türkiye’s commitment to engaging in joint efforts with Somalia to tap into its hydrocarbon potential. While the specifics of revenue sharing and production-sharing agreements are yet to be finalized, H.E. Abdirizak Omar Mohamed emphasized that the current agreement serves as a foundational step. Further negotiations will delineate the roles and responsibilities of each party, paving the way for future production-sharing arrangements.
This collaboration builds upon Türkiye’s longstanding engagement in Somalia, dating back to President Recep Tayyip Erdoğan’s visit in 2011. Türkiye’s investments in Somalia’s health, humanitarian sectors, and strategic installations underline its commitment to the nation’s development.
As Somalia navigates geopolitical complexities, the partnership with Türkiye underscores its strategic approach to resource management and security. With the groundwork laid for enhanced cooperation, both countries are poised to unlock the potential of Somalia’s energy sector for mutual benefit.
