Gulf Oil and Gas accountACCOUNT

Ethiopia May Take Over Petronas Assets in Ogaden

Source: Bloomberg 2/12/2011, Location: Africa

The Ethiopian government may take over Petroliam Nasional Bhd.'s oil and gas holdings in the Ogaden region rather than approving a sale to SouthWest Energy (H.K.) Ltd., The Reporter said, citing an unidentified official at the Mines Ministry.

Hong Kong-based SouthWest announced on Oct. 6 that it purchased the oil and gas fields in the arid region where rebels have been fighting the government for more than three decades. In April 2007, the Ogaden National Liberation Front attacked an exploration site operated by China's Zhongyuan Petroleum Exploration Bureau, killing nine Chinese workers and 65 Ethiopians.

Acquisitions and Divestitures News in Ethiopia >>

United Arab Emirates >>  4/18/2019 - Eni has signed an Exploration and Production Sharing Agreement covering Block A Offshore Ras Al Khaimah, as well as the relevant Joint Operating Agree...
United Kingdom >>  4/18/2019 - Angus Energy is pleased to inform investors that, further to its announcement of 26 February 2019, the Company has now completed the acquisition of Do...

Argentina >>  4/17/2019 - Equinor adds seven offshore exploration blocks to its portfolio, after presenting winning bids in the 1st Offshore Licensing Round in Argentina. ...
Argentina >>  4/16/2019 - Qatar Petroleum has won exploration rights in five offshore blocks in the North Argentina, and Malvinas West basins in Argentina. ...

Morocco >>  4/16/2019 - Sound Energy, the Moroccan focused upstream gas company, is pleased to announce that the process to convert Schlumberger's existing 27.5% interest in ...
Russia >>  4/16/2019 - Gazprom Neft subsidiary Gazpromneft-Zapolyarye has concluded long-term risk-based operator agreements with Gazprom PJSC subsidiaries, allowing the com...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Ethiopia Oil & Gas 1 >> 

More News

Related Links

AO BJ BW CD CG CI CM DJ DZ EG EH ET GA GF GH GM GN GQ GW KE LR LY MA MG ML MR MW MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.