President Farmajo declares the signing of agreement with US company on exploration of hydrocarbon illegal
Somali President Mohamed Abdullahi Farmajo has opposed an agreement signed by the Ministry of Petrolium with a US based company to launch exploration of hydrocarbon in the offshore of the country.
In a statement from his office, President Farmajo declared the agreement illegal and null and void saying it contravenes an earlier presidential decree banning government institutions from signing or entering into agreement with Foreign countries until elections are complete and a new government is in place.
The President also refuted claims by the ministry that he had facilitated the new oil deal and said that the Minister did not neither notify nor consulted with him in the inking of the agreement with the company and further underscoring that the agreement cannot be implemented or enforced.
Somalia’s Ministry of Petrolium had announced that it has signed 7 production sharing agreement with coastal exploration limited to launch exploration for hydrocarbon offshore and thanked the President for facilitating the agreement.
Prime Minister Mohamed Hussein Roble also weighed into the matter, saying the agreement reached by the Ministry of Petrolium with the Oil Company in US as illegal and did not go through the legal procedures and threatened to take legal actions against the involved parties.
“The agreement that Minister of Petroleum reached with Oil Companies to explore for hydrocarbons offshore Somalia is illegal & didn’t go through legal procedures & it is not validated, Prime Minister’s Office said. “The PM will take action to respond this unlawful step,” read the statement.