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.
Kenya could export crude oil next year
Kenya could be an oil exporting country as early as next year, as it races ahead of Uganda, which discovered the resource about nine years ago.
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
Tanzania: Gas Production From New Well to Start Soon
GAS production from the Kiliwani North is getting closer as Tanzania Petroleum Development Corporation (TPDC) began constructing vital infrastructures after completing laying of pipeline.
