A Turkish drilling ship is heading to Somalia to start oil exploration
A Turkish drilling ship, Cagri Bey, is en route to Somalia to begin oil exploration as part of a controversial oil agreement.
The Turkish drilling ship Cagri Bey has set sail from the Turkish coast and is expected to arrive in Somali waters shortly to commence oil exploration. This venture marks a significant step in the oil agreement signed between Turkey and Somalia in March 2024, which has garnered much criticism for its terms. The Turkish Energy Minister has termed this journey a 'historic moment' for both nations.
Accompanied by three warships for protection, the Cagri Bey is slated to begin exploratory drilling in three offshore blocks by April. The agreement stipulates that Turkey could reclaim up to 90% of the annual oil production from Somalia to recover its exploration costs, raising concerns about the implications for Somaliaβs sovereignty and economic benefits.
This move by Turkey is seen not only as a quest for energy resources but also as a strategy to increase its influence in the Horn of Africa. The potential for significant oil discoveries in the region could alter the socio-economic landscape of Somalia, but it also brings to the forefront discussions on fairness, local governance, and the environmental impact of such drilling activities.