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Somali President Defends Controversial Oil Deal with Turkey

4/28/2025

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Summary

Story summary

Somali President Hassan Sheikh Mohamud staunchly defended a contentious oil deal with Turkey, allowing the latter to claim up to 90% of extraction revenues. Critics warn this agreement threatens Somalia's financial stability and raises alarms about transparency and economic independence, all while regional tensions simmer in the background.

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Story summary

Somali President Hassan Sheikh Mohamud staunchly defended a contentious oil deal with Turkey, allowing the latter to claim up to 90% of extraction revenues. Critics warn this agreement threatens Somalia's financial stability and raises alarms about transparency and economic independence, all while regional tensions simmer in the background.