Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Israeli media: Direct damage from Iranian bombing of "Israel" in one week is estimated at approximately 5 billion shekels (about $1.35 billion)
Unprovoked aggression against Iran has no basis or justification: Putin
Shahid Beheshti University Public Relations: The Israeli aggression targeted a building belonging to Shahid Beheshti University with the aim of sabotaging Iran's cultural and scientific infrastructure
Al Mayadeen correspondent: The Fordow nuclear facility was bombed once again, 24 hours after the US aggression.
Fars News Agency, citing informed sources: The Iranian Armed Forces used the Kheibar-Shekan, Emad, Ghadr, and Fattah missiles in their attacks on the Israeli entity today
Sirens sound from the occupied Golan Heights to Akka and Nahariya
Sirens sound again in the occupied Golan Heights and al-Jalil
Israeli media: Power outages reported in several settlements following a missile attack targeting an infrastructure facility
Israeli media: Strategic location in the south likely hit
Israeli media outlet: Reports of missiles falling in at least 7 areas, including Askalan, Safad, and Isdud

Somalia: 'Illegal' oil deal with US company rejected

  • By Al Mayadeen Net
  • Source: Agencies + Al Mayadeen Net
  • 20 Feb 2022 10:23
  • 2 Shares
3 Min Read

With the US heading to explore for oil in Africa, Somalia seems to stand in the way of its greedy ambitions in the Horn of Africa.

  • x
  • US greedy oil ambitions obstructed in Somalia
    US greedy oil ambitions obstructed in Somalia

Somalia's President and Prime Minister have declared null and void a deal signed by the Somali Energy Minister with a US company to explore for oil and gas off the coast of the troubled Horn of Africa nation.

Minister of Petroleum and Mineral Resources Abdirashid Mohamed Ahmed and Coastline Exploration Ltd had announced on Saturday seven production sharing agreements (PSAs) covering deepwater offshore blocks.

Ahmed hailed it as a "huge moment" for Somalia, one of the poorest countries in the world.

"Recently completed seismic programs indicate that Somalia has the potential to become a significant oil and gas producing country," he said in a statement.  

The PSAs "will have an immediate positive effect on the country", he said, and are expected to generate tens of millions of dollars for federal and state coffers.

But both Somalia's President and Prime Minister swiftly denounced the deal late Saturday.

The office of President Mohamed Abdullahi Mohamed said it violated a decree that bans signing any agreements with foreign governments or entities during the election period.

Related News

Starmer, Lammy dodge questions on legality, stance on strikes on Iran

Italy, Germany under pressure to repatriate $245bln in gold from US

"Therefore the agreement which the minister signed is null and void," it said in a statement.

Prime Minister Mohamed Hussein Roble also dismissed the agreement as "illegal, unacceptable" in a post on Twitter, saying he would "take all appropriate measures to protect our national resources.”

On its part, the US Company Coastline, which is based in Houston, Texas, had hailed the deal as a "defining moment" for Somalia, which has so far not produced oil or gas although exploration started in the 1950s before being derailed by the civil war.

"Somalia contains the largest remaining unexplored set of basins situated in warm waters in the world," Coastline chief executive W. Richard Anderson said in a statement.

There was no immediate response from Coastline to requests for comment about the Somali leaders' reaction to the deal.

Somalia is plodding through an election process that is more than a year overdue and has been marred by violence, including a series of attacks across Somalia.

Somali leaders had announced reaching an agreement to complete parliamentary elections by February 25 following repeated delays that put stability on the line in the already troubled country.

The leaders struck the deal following several-day-long talks, which Prime Minister Mohamed Hussein Roble hosted with state leaders. The talks were held with the intention of ending an impasse over the elections after they had been delayed several times before.

  • Somalia
  • Somalia's President
  • Somalia armed opposition
  • Somalia political crisis
  • Horn of Africa
  • United States
  • US

Most Read

Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

  • MENA
  • 17 Jun 2025
Israeli workers survey the site where a missile launched from Iran struck in Haifa on Sunday, June 22, 2025. (AP)

True Promise 3, wave 20: 40 missiles launched, Kheibar-Shekan in first

  • Politics
  • 22 Jun 2025
Rescue team work at the site where a missile launched from Iran struck Tel Aviv, Israel, Monday, June 16, 2025 (AP)

Wave 12 of Operation True Promise 3 launched, Sejjil deployed: IRGC

  • Politics
  • 18 Jun 2025
Iran launches missile barrage to Tel Aviv, casualties reported

True Promise 3, wave 14: Tel Aviv targeted, casualties reported

  • Politics
  • 19 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Secretary of Iran's Supreme National Security Council Ali Shamkhani, speaks with then-Syrian Prime Minister Imad Khamis in a meeting in Tehran, Iran, Tuesday, January 17, 2017 (AP)
Politics

Iran holds the initiative after nuclear strikes, Shamkhani says

Blood stains a religious painting inside Mar Elias Church, where a suicide bomber detonated himself in al-Dwela, on the outskirts of Damascus, Syria, on Sunday, June 22, 2025 (AP)
Politics

UN, regional governments condemn Damascus church bombing

A B-2 bomber arrives at Whiteman Air Force Base Missouri, Sunday, June 22, 2025, after returning from a massive strike on Iranian nuclear sites on Saturday (AP)
Politics

Israeli media: US-Israeli strike on Iran failed to end war

China UN Ambassador Fu Cong addresses the United Nations Security Council, Monday, March 24, 2025. (AP Photo/Richard Drew)
Politics

China slams US strikes on Iran nuclear sites

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS