ANKARA (KAAB TV) — Turkey has discovered an estimated 20 billion barrels of crude oil in Somalia, according to Turkish and Somali media reports. The discovery follows ongoing exploration efforts by Turkish companies in the Horn of Africa and reflects Ankara’s broader push to secure new energy sources in the region.
The oil reserves, found across three exploration blocks, are believed to be commercially viable. While two blocks have already begun producing oil, the third is still under evaluation but is expected to yield significant quantities as well.
This major find comes just a month after Turkey and Somalia signed a strategic agreement for offshore oil and gas exploration. The deal, made between the Turkish Petroleum Corporation (TPAO) and the Somali Oil Agency, grants Turkey extensive rights in Somali waters.
Although hailed by some as a step forward for Somalia’s economic and energy development, the agreement has sparked controversy. Critics argue that it heavily favors Ankara, granting Turkish companies up to 90% of production rights and exempting them from substantial costs such as bonuses and management fees.
The terms have raised concerns over fairness and transparency, with some observers calling for a more balanced and equitable partnership that ensures Somalia benefits proportionally from its own natural resources.