Somalia yields 20 billion barrels of crude for Turkey

Turkey has recovered commercially viable hydrocarbons from two out of the three exploration blocks that it operates in Somalia 

Promising 10 billion barrels of crude from each of the blocks, the discovery puts the East African country in line with the globally reputed, resources-rich West African regions.

While preliminary drilling is completed and geological surveys conducted in both the blocks, the third block is still under exploration. Turkey will be doing laboratory analysis to determine the quality and grade of the oil from the third block, presumably by August. 

Turkey has got itself a sweet deal with Somalia agreeing to 90% stake in revenues for Ankara from offshore oil production. While it has drawn considerable scepticism, Somalia's President Hassan Sheikh Mohamud said that "This is not about favoring Turkey." He added, "Rather, Turkey is the first to step up and show real commitment to invest."