By William Davison Bloomberg- Ethiopia will grant Tullow Oil Plc (TLW) an extension to its exploration license after the company reported “encouraging” results in its search so far, Mines Minister Tolesa Shagi said. “We will definitely grant them because they’ve done so much and we appreciate whatever they’ve tried to do,” Tolesa said in a
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By William Davison Bloomberg- Ethiopia will grant Tullow Oil Plc (TLW) an extension to its exploration license after the company reported “encouraging” results in its search so far, Mines Minister Tolesa Shagi said. “We will definitely grant them because they’ve done so much and we appreciate whatever they’ve tried to do,” Tolesa said in a
The post Ethiopia to Extend Tullow Oil Exploration Permit as Data Studied appeared first on 6KILO.com.
Bloomberg By William Davison GPB Global Resources, a unit of Russia’s state-owned Gazprombank Group, may invest about $60 million searching for petroleum in northeastern Ethiopia, Executive Director for Corporate Communications Sergey Tagashov said. The company last week announced it won approval from the government for a production-sharing agreement that covers seven years for exploration and 25 years
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