The Turkish Petroleum Corporation and the Somali Petroleum Authority signed an onshore hydrocarbon exploration and production agreement in Ankara, Türkiye.
The agreement was signed following a meeting between Somalia's Minister of Petroleum and Mineral Resources, Dahir Shire Mohamed, and Turkey's Minister of Energy and Natural Resources, Alparslan Bayraktar.
"We took a new step that will take the partnership between Türkiye and Somalia in the field of energy to a new stage and reinforce our strategic cooperation," - Bayraktar stated.
Under the agreement, the Turkish Petroleum Corporation (TPAO) will conduct two- and three-dimensional seismic exploration activities across three onshore blocks in Somalia, covering a total area of 16,000 square kilometers. Drilling operations will commence based on the data gathered from these studies.
Minister Bayraktar emphasized that Turkey continues its exploration activities in Somalia not only on land but also at sea. He noted that 78 percent of the three-dimensional seismic surveys conducted by the Oruç Reis Seismic Research Vessel—deployed to the Somali coast in October—have been completed across three offshore blocks, covering approximately 15,000 square kilometers.
“We expect to complete the seismic studies in May,” Bayraktar stated. “Our decision regarding the drilling phase will be based on the data obtained from these surveys,” - he said and added that this development aims to further enhance energy diplomacy between the two nations and to assess Somalia’s energy potential through international cooperation.
U.S. health authorities on Friday, 11 September, declared the nation’s largest recorded multistate cyclos...
The head of artificial intelligence company Anthropic has called for the industry to slow the pace at whic...
Maritime trackers received new reports of an attack on a ship in the Strait of Hormuz on Sunday, according to the ...
Iranian President Masoud Pezeshkian arrived in New Delhi on Friday to attend the weekend BRICS summit, amid the ongoing U.S.-Iran conflict, joining a host of foreign dignitaries.
Saudi Arabia has temporarily shut down its 1,200-kilometre East-West oil pipeline after it was hit by a drone attack, with Riyadh and Baghdad saying the strike originated from Iraq.
Mexico and the U.S. are racing to secure a trade deal before the U.S. midterm elections in less than eight weeks, according to six sources familiar with the talks, with failed negotiations between Washington and Canada adding urgency.
Dubai’s property market has spent years climbing. Now, for the first time since 2021, prices are moving in the opposite direction.
A Russian strike on a gas station in Kyiv has killed two people, the city's Mayor Vitali Klitschko said in a statement on Telegram. In Russia, online marketplace Ozon has suspended operations in Saratov, southwestern Russia, following a drone strike on a warehouse in the region.
Volkswagen’s supervisory board has approved a major overhaul aimed at cutting 100,000 jobs by 2030 as the German carmaker battles weaker sales, falling profits and intensifying global competition.
Chinese Premier Li Qiang has called on American companies to expand their presence in China and pledged that Beijing would address their "reasonable concerns," as China looks to stabilise trade ties with Washington ahead of President Xi Jinping's planned visit to the U.S. later this month
Apple is entering a new era as Tim Cook steps down as chief executive after 15 years at the helm, handing the technology giant's leadership to longtime executive John Ternus.
Volkswagen is heading towards a decisive showdown with labour representatives as Germany's largest carmaker weighs sweeping restructuring measures that could lead to factory closures and tens of thousands of job losses.
Online fast-fashion retailer Shein is seeking to raise up to $1.77 billion in a Hong Kong IPO after its valuation fell around 70 per cent from its private-market peak four years ago.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment