Rwanda: Oil Prospects Gain Momentum
Prime Minister Pierre Damien Habumuremyi recently told parliament that studies done so far have shown that there are very high prospects of oil deposits in East Kivu Graben region of Rwanda.
This is the first ever solid confirmation from government on the stretched exploration activity by the Canadaian exploration firm, Vanoil Energy Limited.
Habumuremyi said: “Exploratory studies will continue. The first phase showed that there are many signs indicating that it is there.
Oil Wealth to Be Utilised in Developing Human Resources
Juba – The Government of South Sudan is investing a significant percentage of the country’s vast oil and mineral wealth in developing human resources and putting in place a modern civil service.
The acting Minister for Labour, Public Service and Human Resource Development, Hon Kwong Danhier Gatluak, said that effective service delivery will only be possible
Read more: Oil Wealth to Be Utilised in Developing Human Resources
Tanzania: Schlumberger to Invest More Next Year
SCHLUMBERGER’S local expenditure is to grow by US$ 6 million next year following the company’s plans to increase it from $9m in 2012 to $15 m in 2013.
The company’s official plans show they would set out to engage with companies that support local businesses, and in so doing, to make a worthwhile contribution to the economy.
South Sudan to Resume Oil Production
Khartoum – The president of South Sudan Salva Kiir declared that his country’s oil production will be restarted next week after nearly a year of suspending it over a dispute with Khartoum on fees that should assessed for exporting the crude through the north’s pipelines.
Kiir made the announcement during a meeting he held today in Juba with visiting Kenyan deputy Prime Minister Uhuru Kenyatta.
