Turkey Signs Hydrocarbon Agreement with Somalia
Turkey Signs Hydrocarbon Agreement with Somalia
Turkey Signs Hydrocarbon Agreement with Somalia
News summary

Türkiye has signed a significant agreement with Somalia for oil and gas exploration in three offshore blocks, marking a historic step for both nations. The deal grants Türkiye exclusive rights to explore and produce hydrocarbons in areas ranging from 50 to 100 kilometers offshore. Türkiye plans to conduct extensive seismic research using the Oruc Reis ship, aiming for exploration, drilling, and potential discoveries. This partnership reflects Türkiye's commitment to expanding its exploration activities globally, with a focus on strengthening bilateral relations and contributing to the energy sectors of both countries.

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