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justwinon Mar 24, 2012 10:12am
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Interesting Round-Up
Interesting Round-Up
Africa Resource Round-Up: March 19
Recounting the previous week’s 10 biggest resource and economic moves on the continent, in no particular order:
- Horn Petroleum announces new depth reached in Puntland, Somalia drilling program at the Shabeel-1 well; 2,384 Meters.
- Libya announced it will return to top pre-war oil production level of 1.4 Million barrels per day in April.
- Angola’s state-owned energy company Sonangol announced it may hold new oil bidding round next year.
- DRC and Angola sign oil field exploration deals in shared maritime zone.
- Tanzania announced a $55 Billion plan to connect Dar Es Salaam homes and institutions to a natural gas system.
- Kenya to list eight new offshore oil and gas exploration blocks for leasing by energy firms.
- Sudan continues push into oil-rich South Kordofan Region, setting off massive violence.
- Spain approved Canary Islands oil exploration, off the coast of northwest Africa.
- BP and Shell engaged in a fight to win shares in Eni’s Mozambique exploration tract.
- Cameroon on track to double crude oil output to 100,000 barrels per day in 2012.
Hirsi Fiqi, Editor
DissidentNation.com
Africa is the place to be to hunt for oil. Kenya, Angola and the Canary Islands next in line.