Museveni, Uhuru, Kagame Talk Oil
Ugandan President Yoweri Museveni, Kenya’s Uhuru Kenyatta and Rwandan President Paul Kagame last night held private talks in the capital Kigali over what sources say, was oil in Uganda.
Museveni arrived in Kigali Sunday evening to a guard of honour at Kigali International Airport – to represent Ugandans at the 20th genocide commemoration in solidarity with Rwandans.
President Uhuru Kenyatta of Kenya who is also the current Chairman of the East African Community also arrived in Kigali last evening for the same ceremony.
Museveni later held talks with his East African counterparts, Paul Kagame and Uhuru who paid a courtesy call on him at his suite at Kigali Serena Hotel. Notable absentees were the other Easte African President Jakaya Kikwete of Tanzania and Brundian President Pierre Nkurunziza.
“The talks centered on oil and infrastructure,” a source at the meeting told us last night.
Seven Generations Energy Ltd. acquires 118 net sections of additional montney lands
Seven Generations Energy Ltd. ("7G" or the "Company") is pleased to announce that since the beginning of 2014, it has, through several separate purchase and swap transactions, increased its Montney land holdings by a net 118 sections. The net cost to 7G for these transactions was approximately $29.5 million cash and other consideration. The acquisitions also include a road accessing 7G's core lands between the Kakwa and Smoky Rivers.
7G's net land holdings (all in the Kakwa River Project area) are now approximately 547 sections, including 516 sections (approximate) of petroleum and natural gas rights in the Montney formation, a net increase of 29% since the beginning of 2014. Most of the newly acquired land is proximal to the Company's existing acreage.
Read more: Seven Generations Energy Ltd. acquires 118 net sections of additional montney lands
Pexco Explorations exits Somalia
Malaysian oil explorer Pexco Explorations East Africa has after eight years in Somalia’s Warder, Geladi and Ferfer blocks terminated exploration works.
The termination follows the expiry of its exploration license in July 2013 that had given it permission to explore and develop hydrocarbon resources in the remote area covering 29,000 sq. km. near the Somalia border.
The license was part of a petroleum sharing agreement between Pexco Exploration East Africa and the ministry of mines signed in October 2013 to prospect the three blocks.
According to Ethiopia’s The Reporter news site during the eight years Pexco Explorations East Africa spent $20 million to carry out an airborne gravity survey of 5,500 km and a magnetic survey of 3,100 km and had identified areas to drill exploration wells.
Daimler India begins export of trucks to Tanzania
Daimler India Commercial Vehicles (DICV), the 100% wholly owned subsidiary of German auto biggie Daimler AG, along with Mitsubishi Fuso Truck and Bus Corporation, Japan (MFTBC), also a Daimler group company, launched DICV-made trucks in Tanzania, making it the fourth market since the start of export operations at the DICV Chennai plant in May 2013.
As part of the first 15 export markets for DICV under the new Asia Business Model, the Tanzanian market is a key market in Africa. The trucks will be sold through the exclusive dealer, Diamond Motors Limited, in Tanzania.
Read more: Daimler India begins export of trucks to Tanzania
