Turkey receives invitation from Somalia to explore offshore oil

21 January 2020 (Last Updated January 21st, 2020 14:05)

Turkey President Tayyip Erdogan has said that the country received an invitation from Somalia to explore oil in its waters.

Turkey receives invitation from Somalia to explore offshore oil
Turkey President Erdogan has stated that Somalia has invited Turkey to explore for oil in its seas. Credit: gloriaurban4 from Pixabay.

The President of Turkey, Tayyip Erdogan, has said that the country received an invitation to explore oil in Somalian waters from Somalia.

NTV reported that Turkey signed a maritime delimitation agreement with Libya’s Government of National Accord (GNA) last year.

An exclusive economic zone can be established from Turkey’s southern coast to Libya’s northeast shores. Also, this relationship between Turkey and Libya could result in attracting international oil companies.

During a meet with reporters, Erdogan said Turkey would take necessary steps in line with the offer. He did not give further details.

Seismic studies have revealed that there could be significant oil and gas resources in offshore Somalia.

Erdogan said: “There is an offer from Somalia. They are saying: ‘There is oil in our seas. You are carrying out these operations with Libya, but you can also do them here.’ This is very important for us.

“Therefore, there will be steps that we will take in our operations there.”

Since the Somalian famine of 2011, Turkey has been a major source of aid for the country. Turkey has helped it to build roads and trained soldiers.

Earlier this month, the Upper House of the Somalian Parliament has approved a new petroleum law which it expects to attract investments from big oil companies.