Somaliland to drill for oil by 2014
Somaliland’s mining and energy minister has claimed that the internationally unrecognised state could see companies drilling for oil within its borders by 2014.
Exploration - 30 October 2012
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Zanzibar & Tanzania reach oil deal
Tanzania and the semi-autonomous island of Zanzibar have reached a deal on the future sharing of hydrocarbon reserves after arguments resulted in exploration projects being delayed.
Gazprom plans US$ 38 billion expenditure on eastern pipeline and gasfield
Russian giant, Gazprom has pledged to invest US$ 38 billion in the development of the eastern Chayanda gasfield and a pipeline to Vladivostok.