Somalia President defends ‘lopsided’ oil deal with Türkiye

President of Somalia Hassan Sheikh Mohamud speaks in Ankara, Türkiye on July 5, 2022.

Photo credit: File | AFP

Somalia’s President Hassan Sheikh Mohamud has defended Mogadishu’s deal with Türkiye on oil and gas exploration, which has caused outrage in the country after it was leaked to the public for allegedly signing off 90 percent of the revenues to Ankara.

The agreement signed last year, which was circulated widely last month allows Mogadishu to cede its petroleum operations to the government of Türkiye, signalling Ankara’s growing dominance on the Somalian economy, including running its main port and airport in Mogadishu and military bases.