August 22, 2017 8:55 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Zara Trading, Inc.

Company Overview

Zara Trading, Inc. operates as an international oil and gas exploration and development company. The company was formerly known as Zarara Oil & Gas Ltd. and changed its name to Zara Trading, Inc. in March, 2007. The company is based in San Antonio, Texas. . As of June 9, 2000, Zara Trading, Inc. is a subsidiary of Zarara Energy Ltd.

16414 San Pedro Street

Suite 340

San Antonio, TX 78232

United States

Phone:

210-495-9558

Key Executives for Zara Trading, Inc.

Zara Trading, Inc. does not have any Key Executives recorded.

Zara Trading, Inc. Key Developments

U.S. Trade and Development Agency Awards USD 1 Million Grant for Kenya Gas to Power Project

Midway Resources International's ('MRI') wholly owned Kenyan operating unit (Zarara Oil & Gas Limited or 'Zarara') announced that it has been awarded a USD 1 million grant to undertake a feasibility study for Phase 1 of MRI's proposed Lamu Integrated Gas to Power Project ('Project') located near Port Lamu, in Lamu County, the Republic of Kenya (Host Country). The grant was approved by the Board of the U.S. Trade and Development Agency (USTDA) in June, 2016. The objective of the Feasibility Study on the Project is to evaluate the technical, financial, environmental and other critical aspects of developing a natural gas-fired power plant in Lamu County, Kenya. The USTDA grant is designed to fund delivery a feasibility study that will include, in outline: Conceptual design of the gas and condensate production and collection systems and the gas treatment plant; Technology selection, technical configuration, and conceptual design of power generation plant; Interconnection studies for the transmission of electricity from the power generation plant to the Kenyan electricity grid; Full environmental and social impact assessments that comply with local environmental and social requirements, as well as those of potential financiers; Licensing, permitting, and other legal and regulatory requirements; Definition and risk assessment of expansion phases subsequent to Phase 1; and Implementation plan including technical design, implementation schedule, implementation ownership and management accountability arrangements, and budget costs (Capital and operating).

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