Somalia may pay 90% of oil revenue to explorer under draft deal

[Kaafiye]

First of all, it is merely a proposed contract. Soma Oil thinks they can undercut Somalis, and the Somalis may or may not take it. It is the logical business strategy for them to start negotiations in their own favor and it is up to the Somalis to understand their position and respond.

Secondly, typical AFRICANS, selling out their resources so that the ruling class can further fatten their pockets.

Africans simply don't understand economics, and they have a zero-sum way of looking at the world. Hence why you'll see Somalis excusing the corrupt practices of a certain Somali politician, simply because he hails from the same sub-clan as them.

You'll see a Somali living in utter poverty, yet he has the nerve to defend the current Somali President....simply because they belong to the same clan.

This won't stop unless we see really harsh punishments meted out to Corrupt Politicians. I know that China already started executing their corrupt officials. Maybe Somalia should start doing the same thing.

[FAH1223]

For a government with a bunch of educated niggas, you would think they would understand how to negotiate.

No deal is better than highway robbery.

But what do you expect...

[Hyperactive]

they should do this deal 30 years ago, now they would be like dubai. khaliijs eccepted worse deal in their days and still filthy rich.

if you cannot do it your self, take whatever gives you, the one can do it.

fah, do you think somali government full of educated nomads? if yes, i am sure they not educated how to nogatiate. somalis are so praud to nogatiate, they refuse or are thugs who want that fraction to be in their banks.

[SaciidAyanleh]

Africans simply don't understand economics

No, they're just shortsighted. They have no vision, no concept of sacrifice and, most of all, no faith (in Allah, God, humanity, what have you)

For a government with a bunch of educated niggas, you would think they would understand how to negotiate.

No deal is better than highway robbery.

But what do you expect...

What negotiations? This is a draft proposal, as you can clearly read in the title of this thread.

[Rambie]

they should do this deal 30 years ago, now they would be like dubai. khaliijs eccepted worse deal in their days and still filthy rich.

if you cannot do it your self, take whatever gives you, the one can do it.

fah, do you think somali government full of educated nomads? if yes, i am sure they not educated how to nogatiate. somalis are so praud to nogatiate, they refuse or are thugs who want that fraction to be in their banks.

That was way before when oil was kinda cheap and produced in small amounts.
The British toke a large part of the oil discovered in Abudhabi for 20
years in exchange of recognizing "AbuDhabi" as a country of it's own to prevent any possible
claims or invasion from Saudi Arabia.

[FAH1223]

Africans simply don't understand economics

No, they're just shortsighted. They have no vision, no concept of sacrifice and, most of all, no faith (in Allah, God, humanity, what have you)

For a government with a bunch of educated niggas, you would think they would understand how to negotiate.

No deal is better than highway robbery.

But what do you expect...

What negotiations? This is a draft proposal, as you can clearly read in the title of this thread.

Yes, it is a draft proposal

That the brain dead idiots will accept without any recourse.

[FAH1223]

they should do this deal 30 years ago, now they would be like dubai. khaliijs eccepted worse deal in their days and still filthy rich.

if you cannot do it your self, take whatever gives you, the one can do it.

fah, do you think somali government full of educated nomads? if yes, i am sure they not educated how to nogatiate. somalis are so praud to nogatiate, they refuse or are thugs who want that fraction to be in their banks.

Yup

short sightedness

no big picture

arrogance abound

[Hyperactive]

fah, the point is, somalis could do it 30 or20 years ago this deals with that robbery deal.

now its too late for that kind of deals cause people looking other alternatives and countries already devoloped.

[FAH1223]

fah, the point is, somalis could do it 30 or20 years old this deals with that robbery deal.

now its too late for that kind of dealncause people looking other alternatives and countries already devoloped.

The problem is

Somalis had to go on and kill each other during the last 30 years and have a damn civil war.

[Hyperactive]

that is true. and all we have bunch of thugs ewearing suits come from the west to get rich without paying tax.

[Kaafiye]

that is true. and all we have bunch of thugs ewearing suits come from the west to get rich without paying tax.

Don't forget how these thugs in suits have their families living in Malaysia, or Dubai, or America, or London, or somewhere else that's far away from all the violence and destruction that's going on in Somalia.

You think these characters care about the well-being of the country? When their term is done, they're hopping on a plane and going somewhere far away, where they can retire and relax in their backyard.

They're all the same. Even Sheikh Shariif is currently living in a mansion in Abu Dhabi, with personal guards and a driver.

Believe me, they are NOT invested in the future of Somalia

[Lamagoodle]

Hyper, they all thugs;

a) They sold off a piece of somali territory (potential oil reserves) to Kenya,
b) The KDF and Al-sheydhaan ar colluding in Kismayo
read this; http://www.standardmedia.co.ke/article/ ... coal-trade
c) oil exploration rights have been given left and right.

Thugs.

[thegoodshepherd]

they should do this deal 30 years ago, now they would be like dubai. khaliijs eccepted worse deal in their days and still filthy rich.

if you cannot do it your self, take whatever gives you, the one can do it.

Hyper you are correct that the gulf states signed bad deals when they first explored for oil. But they could afford to, they had so much gas it didn't matter at all. Somalia has gas but it will be like Yemen, and will run out after 40 years or so. We do not have as much gas as the gulf countries. So giving a company 10 years of 90% revenue, means they take 25% of your potential earnings from oil.

very, very bad deal. Hassan Sheikh is a total failure. He refused to allow the regional governments to make deals, but has made the worst deal in African oil history.

[Itrah]

Somalis are johnny-come-lately to the crude oil game. You have 20 years tops before crude becomes useless and this dumb civil war may even continue for another 20 years.

Time is running out.

[Lamagoodle]

they should do this deal 30 years ago, now they would be like dubai. khaliijs eccepted worse deal in their days and still filthy rich.

if you cannot do it your self, take whatever gives you, the one can do it.

Hyper you are correct that the gulf states signed bad deals when they first explored for oil. But they could afford to, they had so much gas it didn't matter at all. Somalia has gas but it will be like Yemen, and will run out after 40 years or so. We do not have as much gas as the gulf countries. So giving a company 10 years of 90% revenue, means they take 25% of your potential earnings from oil.

very, very bad deal. Hassan Sheikh is a total failure. He refused to allow the regional governments to make deals, but has made the worst deal in African oil history.

Saaxib, how is Hassan Sheikh responsible? He is powerless/ he is nothing but a laughing, good talking leader:; most of these deals were made by ministers/regional dawlad ku sheegs etc. Indeed, he has some responsibility (if this deal goes through) but I don't think you can blame him solely; we have become a nation of thugs.. FYI, I don't think there is a deal made here. The territorial waters were sold by ministers; the KDF and Al-shabaab collusion is a regional matter: read this http://www.standardmedia.co.ke/article/ ... coal-trade

Let us blame who is to blame; it is all of us somalis; we have become a nation of thugs who rape their own nation.