Wednesday, 15 October 2014

Ethiopia to extend Tullow Oil exploration permit as data studied

ADDIS ABABA, Ethiopia (Bloomberg) -- Ethiopia will grant Tullow Oil an extension to its exploration license after the company reported “encouraging” results in its search so far, Mines Minister Tolesa Shagi said. “We will definitely grant them because they’ve done so much and we appreciate whatever they’ve tried to do,” Tolesa said in a phone interview from the capital, Addis Ababa Oct. 14. “We try to assist them as much as possible.”


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