Uganda: Sanctions-Hit Russian Group Wins U.S. $4 Billion Uganda Oil Refinery Deal
Uganda has rewarded a $4bn oil refinery deal to a subsidiary of Russia's Rostec, whose CEO has been subject to US sanctions.
Read more: Uganda: Sanctions-Hit Russian Group Wins U.S. $4 Billion Uganda Oil Refinery Deal
Bounty Oil and Gas closer to Tanzania gas revenue
Bounty Oil and Gas (ASX:BUY) is a step closer towards receiving gas revenue from the Kiliwani North Development Licence in Tanzania.
Read more: Bounty Oil and Gas closer to Tanzania gas revenue
NATIONAL OIL CORPORATION TO RAISE FUNDS TO BACK-IN IN BLOCKS 10BB AND 13T
Nearly eight months after OilNews Kenya published that the National Oil Corporation of Kenya (NOCK) was internally discussing exercising its right to back-in in Blocks 10BB and Block 13T the government backed explorer has said it is raising $2 billion to take stakes in the two blocks.
Read more: NATIONAL OIL CORPORATION TO RAISE FUNDS TO BACK-IN IN BLOCKS 10BB AND 13T
Solo Oil gains stake offshore Tanzanian gas licence
Solo Oil has signed an asset purchase agreement with Aminex for a 6.5 per cent interest in Tanzania’s Kiliwani North Development Licence (KNDL) worth US$3.5mn
Read more: Solo Oil gains stake offshore Tanzanian gas licence
