#Somalia signs an oil deal with COASTLINE EXPLORATION LTD that covers 7 blocks, thanks @M_Farmaajo for playing role in the process.
In August 2021, @M_Farmaajo issued a decree banning government institutions from entering into agreements with foreign countries or entities during the election season. The new oil pact comes as Farmaajo seeks re-election. #Somalia.
BREAKING: The office of @M_Farmaajo rejects claims by @EngAbdirashidd that the outgoing president has facilitated a new oil deal.
Also, @SomaliPM distanced himself from the agreement and described it as illegal, and vowed to take legal action.
Also, @SomaliPM distanced himself from the agreement and described it as illegal, and vowed to take legal action.
The minister of petroleum @EngAbdirashidd tells @voasomali that @M_Farmaajo was aware of the signing of seven Production Sharing Agreements ("PSAs") covering offshore deep-water blocks with Coastline Exploration Limited based in the U.S. which costs $7M. #Somalia.
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