World Daily News
Business
Turkey / Somalia / Africa

Turkey's Bold Move: Exploring Energy Opportunities in Africa with Somalia's Offshore Oil

Images from the reference sources
Discover how Turkey is enhancing its energy security through strategic partnerships in Africa, focusing on Somalia's offshore oil exploration and broader economic ties. Learn about Turkey's influence and initiatives across the continent.


Turkey's Strategic Energy Pursuit in Africa

Turkey is intensifying its efforts to secure energy sources through enhanced cooperation with African nations. The Turkish government has announced plans to send the 86-meter-long Oruc Reis research ship to explore offshore oil deposits in Somalia next month. This initiative, confirmed by Mohamed Hashi, the director of the Somali Ministry of Oil, is expected to diversify Turkey's crude oil supplies and solidify its influence in a region where global powers such as China, Russia, and the Gulf states are vying for dominance.

The move is part of Turkey's broader strategy to deepen diplomatic, trade, and security ties across the African continent. According to a Bloomberg report, Africa's rich mineral wealth and increasing population present a new wave of economic growth opportunities, making the continent an attractive target for Turkey's active foreign policy.

Strengthening Ties with Somalia

Somalia stands out as a focal point for Turkey's endeavors in Africa, as it hosts Turkey's largest military base abroad and is home to Turkish companies managing key infrastructure like the capital's port and airport. The Turkish drone manufacturer Baykar has also supplied Somalia with TB2 drones, aiding the country in its fight against the Al-Shabaab militant group.

Omar Mahmoud, a senior analyst at the International Crisis Group, emphasizes that Somalia's strategic location enhances Turkey's influence in the Horn of Africa and the Indian Ocean. Since 2011, Turkey has provided substantial humanitarian aid, exceeding $1 billion, and established educational institutions that support thousands of Somali students. This deep-rooted connection, based on shared Islamic culture, has been a turning point for many young Somalis, as noted by Mohammed Othman, a student at a state-supported Turkish school in Mogadishu.

As Turkey continues to expand its relationships across Africa, it has signed numerous agreements in various sectors, including intelligence, defense, and energy. With exports to Africa reaching $28.6 billion in 2023, Turkey is poised to further strengthen its role as a key player in the continent's economic landscape.

  • Turkey's approach in Africa is not limited to Somalia. The country is actively seeking partnerships across the continent, including in Niger, where a recent delegation led by Turkish Foreign Minister Hakan Fidan signed several deals following the expulsion of French forces. Niger, known for its uranium production, offers Turkey opportunities in mining and energy. Moreover, Turkey's partnerships with Algeria and other African nations highlight its intent to explore for oil and gas, further diversifying its energy sources. Turkish Airlines has also expanded its operations to reach some of Africa's most remote regions, facilitating greater connectivity and trade. With a multifaceted strategy that combines economic, military, and cultural initiatives, Turkey aims to establish itself as a significant player in Africa's future development.
Clam Reports
Refs: | Aljazeera |

Trends

Business

Concerns Rise Over Crit'Air 3 Ban and Press Freedom in France

2024-11-14T19:49:32.924Z

The upcoming ban on Crit'Air 3 vehicles in Greater Paris raises concerns among local SMEs, while an Afghan journalist's exclusion from a ministerial visit highlights issues of discrimination and press freedom.

Business

Turkey Aims to Become a Regional Gas Trading Hub by 2025

2024-11-14T18:40:16.674Z

Turkey is advancing plans to establish a regional gas trading hub in Istanbul by 2025, collaborating with Russia to enhance its role in the global energy market.

Business

S&P Predicts No Economic Improvement for Israel Before 2026

2024-11-14T20:19:41.427Z

Standard & Poor's forecasts that Israel's economy will not improve before 2026, citing ongoing military conflicts and a rising budget deficit.

Business

Trump's Election Raises Inflation and Trade War Risks, Warns UK Official

2024-11-14T20:50:05.879Z

Catherine Mann of the Bank of England warns that Donald Trump's election could lead to increased inflation and trade war risks, impacting the UK and European economies.

Business

Dollar Gains Momentum Following Trump's Election Victory

2024-11-14T19:59:29.080Z

The US dollar has strengthened significantly following Donald Trump's election victory, while Bitcoin has reached new heights, driven by promises of favorable cryptocurrency regulations.

Business

EU Imposes $840 Million Fine on Meta for Anti-Competitive Practices

2024-11-14T18:19:48.200Z

The European Union has fined Meta Platforms $840 million for linking Facebook Marketplace to its social network, violating competition rules.

Latest