Providing details of the agreement for the first time, Anderson said it was a "fair deal" for Somalia. "There is a 5% royalty that comes right off the top. Profit is split 50-50.

Somali national forces in the area where a UN helicopter was captured by al-Shabaab fighters are continuing to search for passengers, Daud Aweis, Somalia’s Minister of Information, Culture, and ...

Additionally, Somalia is entitled to receive a royalty of up to 5% from day one of production -- even before cost recovery is complete. Time-Limited and Structured for Oversight.

Read: Turkey to send navy to Somalia after agreeing oil and gas searchSomalia on its part, will own and be entitled to a royalty, in cash or in kind of up to five percent of production of all ...

Nasra Ali Abukar, who represented Somalia in the women’s 100 meter race, crossed the finish line at 21.81 seconds, nearly ten seconds behind the winner.