Tanzania, Petrobras Sign Accord on Oil Block, Guardian Reports
Tanzania signed production sharing agreements with three companies, including Petroleo Brasileiro SA (PETR4)’s domestic unit, to explore for oil in the offshore Block 8 area, the Dar es Salaam-based Guardian newspaper reported.
Accords were also signed with Heritage Rukwa Ltd., to explore in the Kyela basin, and Mother Industries Ltd. in the Malagarasi basin, the newspaper said, citing Energy Minister William Ngeleja.
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.