According to the hidden agreement between the governments of Somalia and Turkey, the Turkish government is allowed to receive 90% of the profits from the oil it explores off the coast of Somalia, while the Somali government is allowed to receive only 5% as a royalty from its resources being extracted.
The Somali government was also not given any royalties or advance payments for the agreement, which means that Somalia agreed to Turkey signing the agreement without any payment.
Turkey is the only party that has the right to export oil produced in Somalia, and the Somali government is not allowed to make any decisions on these matters.
If the two parties disagree over the agreement, the Turkish government, especially the Istanbul court, will be the arbiter, and Somalia will not be allowed to file any lawsuits in its own country!
Turkey will also have their forces to protect the oil fields where they are being extracted or exported, which will eliminate the Somali forces that would benefit from this job creation process.
It is noteworthy that this agreement, which took place last year, was approved by the Somali Parliament without actually seeing the terms of the agreement, which have now been made public!
It is expected that this issue will be a sensitive one and will be debated both inside and outside the country, with growing calls for the agreement to be reviewed and for true transparency and accountability to be achieved.
About The Author
