oil

Somalia’s Oil Gamble: Promise, Pitfalls and a Narrowing Window In a region where new oil and gas frontiers can redraw maps and fortunes, Somalia has long carried a paradox: abundant potential beneath the ground, and little to show above it. Today, with fresh licenses signed and seismic boats in the water, the country stands at another inflection point. The question is not whether hydrocarbons lie under Somali soil and sea—the geological hints are there—but whether the politics, contracts and institutions can finally bring…

MOGADISHU, Somalia - The forthcoming oil and gas explorations in Somalia promise to transform the country's economic landscape, according to Alparslan Bayraktar, the Turkish Energy Minister. He emphasized the huge advantages awaiting Somalia once this ambitious endeavor reaches its fruition. Alparslan shared his vision for the future, predicting that numerous international corporations will jump on board, significantly invigorating Somalia's economy, which has faced formidable challenges for over thirty years. The…

Alparslan Bayraktar, Türkiye's Energy Minister, shared his thoughts on the nation’s significant oil and gas exploration ventures in Somalia. He labeled the efforts as transformative and hinted that global corporations might want to jump on board with these ventures moving forward. Recently, the Turkish research vessel, Oruç Reis, made its way to Somalia. It's geared up to conduct in-depth seismic explorations to uncover potential reserves of oil and natural gas. During the vessel's reception at the bustling Port of…

Northeastern State Refutes Allegations; Labels FGS’s Oil Exploration Accusations as "Outlandish" AXADLE, Somalia - In a war of words, Northeastern State has fiercely denied any opposition to Somalia's oil exploration efforts, scoffing at what it calls the "preposterous and baseless accusations" from the Federal Government of Somalia (FGS). Northeastern State remains committed to the nation's stability and growth. Abdifitah Mohamed Nur, Northeastern State's minister of state and top aide in presidential affairs,…

FILE - The Federal Minister of Oil of Somalia, Abdirizak Omar Mohamed (left), and Northeastern State's Minister of State for Presidential Affairs, Abdifitah Mohamed Nur (right), stand amid a bubbling row over oil exploration rights in Northeastern State.Mogadishu (AX) — Northeastern State officials have flat-out tossed aside accusations from the Federal Minister of Oil that the area's ruling brass is throwing a wrench in federal oil plans. This kerfuffle has turned up the heat between Northeastern State and Mogadishu,…

NAIROBI, Kenya - Turkey's plunge into oil exploration off the Somali coast has stirred profound schisms in the country. An archaic map dusted off with controversial revisions now intensifies jitters in this fragile region, where internal strife and external pressures persistently choreograph a clunky ballet of development and turmoil. Voicing his concerns, Abdi Farah Juxa, Northeastern State's top honcho for Interior Affairs, carpeted the use of this map during the grand debut of a Turkish research vessel. "After three…

Mogadishu (AX) — Abdirisaaq Omar Mohamed, Somalia's Minister of Petroleum and Mineral Resources, accused Northeastern State of Somalia President Said Abdullahi Deni of putting roadblocks in the path of oil exploration within Northeastern State. During a media briefing in Mogadishu on Saturday, Minister Mohamed mentioned that President Deni tried to introduce a company of his own choosing for oil exploration, a move spurned by the federal government."President Deni seems keen to politicize the government's oil ambitions,"…

Türkiye is gearing up to kick off oil and natural gas exploration in Somali land areas, thanks to a brand-new agreement inked between Turkish Petroleum and the Somali Petroleum Authority, announced Türkiye's energy and natural resources minister on the delightful day of Friday.Minister Alparslan Bayraktar, speaking at the bustling Port of Mogadishu where the Oruc Reis ship triumphantly docked after a 20-day voyage from Istanbul, revealed that the Turkish Petroleum Corporation and the Somali Petroleum Authority have sealed a…

MOGADISHU — Turkey’s energetic foray into oil and gas discovery near Somalia's shores has stirred up a hornet's nest of tensions. Northeastern State, Somalia's most senior Federal State, finds itself in a tussle with Mogadishu on the prickly issue of maritime borders. The arrival of Oruc Reis, a Turkish seismic survey ship, has dialed up Turkey’s focus on Somalia, much to the chagrin of Northeastern State's President, Said Abdullahi Deni, along with his aides. Deni and his team claim the central government is manipulating…

 Mogadishu (AX) — The Turkish research ship, Oruc Reis, has anchored off the coast of Somalia, kicking off a seven-month exploration to hunt for oil and gas possibilities within licensed Somali seas. "The ship's arrival signifies Türkiye's deepening energy alliances with East Africa," remarked Turkish Energy Minister Alparslan Bayraktar on Friday.Enveloped in cutting-edge technology for complex three-dimensional seismic research, the vessel will sweep across three selected offshore zones, each stretching around 5,000 square…